Brent-WTI: Support For The Brent Benchmark

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About: United States Brent Oil Fund, LP (BNO), Includes: AOIL, DBO, DTO, DWT, NRGD, NRGO, NRGU, NRGZ, OIL, OILD, OILK, OILU, OILX, OLEM, OLO-OLD, SCO, SZO, UCO, USAI, USL, USO, USOD, USOI, USOU, UWT, WTID, WTIU, YGRN
by: Andrew Hecht
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Andrew Hecht
Commodities, long/short equity, medium-term horizon, long-term horizon
Summary

OPEC cuts deeper.

Iran is a clear and present danger.

Aramco means the Saudis went the extra mile to boost the price of oil.

The U.S. election will be a referendum on energy policy.

BNO is the Brent ETF product.

The crude oil that comes from producing nations around the globe has different properties. Lighter sweeter crude oil has a lower sulfur content and is more appropriate for processing into gasoline. Brent crude oil that