BNO: Distillate Performance Favors Brent In The Current Environment

  • Brent crude oil is highly sensitive to Middle East tensions, making the United States Brent Oil Fund, LP ETF a potential beneficiary if conflict escalates or the Strait of Hormuz is disrupted. Recent geopolitical events have driven sharp rallies in both WTI and Brent, but Brent could outperform if supply fears intensify. Distillate products like heating oil have outperformed gasoline, signaling market anxiety over Middle Eastern supply disruptions.