United States Brent Oil Fund, LP is a publicly traded exchange-traded fund that provides institutional and retail investors with exposure to Brent crude oil prices without requiring direct physical ownership of oil. The fund invests primarily in Brent crude oil futures contracts and related petroleum derivatives traded on global exchanges, structured to track daily percentage changes in the benchmark Brent crude oil futures contract price. The fund generates returns through gains on its commodity positions and charges investors a management fee of 0.75% of average daily net assets plus brokerage commissions and other operating expenses, with shares bought and sold on secondary markets through NYSE Arca while authorized participants can create or redeem shares directly in large blocks.