UNITED STATES

SECURITIES AND EXCHANGE COMMISSION
Washington, DC 20549

 

FORM 8-K

 

CURRENT REPORT
PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934

 

Date of Report (Date of earliest event reported): August 28, 2014

 

 

UNITED STATES BRENT OIL FUND, LP 

  
  (Exact name of registrant as specified in its charter)  


Delaware 


001-34704


27-0925904 

(State or other jurisdiction
of incorporation)		 (Commission File Number) (I.R.S. Employer
Identification No.)



 

 

1999 Harrison Street, Suite 1530
Oakland, California 94612 

  
(510) 522-9600 (Address of principal executive offices) (Zip Code)  
Registrant’s telephone number, including area code

 
     
  Not Applicable  
  (Former name or former address, if changed since last report)  

 

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):

 

¨ Written communication pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
   
¨ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
   
¨ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
   
¨ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

 

 
 

 

 

Item 7.01. Regulation FD Disclosure.

 

On August 28, 2014, the United States Brent Oil Fund, LP (the “Registrant”) issued its monthly account statement for the month ended July 31, 2014, which is presented in the form of a Statement of Income (Loss) and a Statement of Changes in Net Asset Value, as required pursuant to Rule 4.22 under the Commodity Exchange Act. A copy of the monthly account statement is furnished as Exhibit 99.1 to this Current Report on Form 8-K and also can be found on the Registrant’s website at www.unitedstatesbrentoilfund.com. The information furnished in this Current Report on Form 8-K, including Exhibit 99.1, shall not be deemed to be “filed” for purposes of Section 18 of the Securities Exchange Act of 1934, as amended, or otherwise subject to the liabilities of that section, nor shall it be deemed incorporated by reference in any filing under the Securities Act of 1933, as amended, except as shall be expressly set forth by specific reference in any such filing.

 

Item 9.01. Financial Statements and Exhibits.

 

(d) Exhibits.

 

Exhibit 99.1 Monthly Account Statement of the Registrant for the month ended July 31, 2014.

 

 
 

 

 

SIGNATURES

 

Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

 

  UNITED STATES BRENT OIL FUND, LP
  By: United States Commodity Funds LLC, its general partner
     
     
Date:  August 28, 2014 By: /s/ Howard Mah
  Name: Howard Mah
  Title: Chief Financial Officer

 

 

 

Exhibit 99.1

 

United States Brent Oil Fund, LP

Monthly Account Statement

For the Month Ended July 31, 2014

 

Statement of Income (Loss)

 

 

Income     
Realized Trading Gain (Loss) on Futures  $4,702 
Unrealized Gain (Loss) on Market Value of Futures   (3,082,160)
Dividend Income   155 
Interest Income   1,298 
ETF Transaction Fees   350 
Total Income (Loss)  $(3,075,655)
      
Expenses     
General Partner Management Fees  $33,774 
Professional Fees   14,012 
Brokerage Commissions   3,200 
Non-interested Directors' Fees and Expenses   615 
Prepaid Insurance Expense   325 
Total Expenses   51,926 
Expense Waiver   (12,559)
Net Expenses  $39,367 
Net Income (Loss)  $(3,115,022)

 

Statement of Changes in Net Asset Value  

 

Net Asset Value Beginning of Month 7/1/14  $54,425,534 
Additions (50,000 Shares)   2,160,301 
Withdrawals (50,000 Shares)   (2,138,846)
Net Income (Loss)   (3,115,022)
      
Net Asset Value End of Month  $51,331,967 
Net Asset Value Per Share (1,200,000 Shares)  $42.78 

  

To the Limited Partners of United States Brent Oil Fund, LP:

 

Pursuant to Rule 4.22(h) under the Commodity Exchange Act, the undersigned represents that, to the best of his knowledge and belief, the information contained in the Account Statement for the month ended July 31, 2014 is accurate and complete.

 

 

/s/ Howard Mah

Howard Mah

Chief Financial Officer

United States Commodity Funds LLC, General Partner of United States Brent Oil Fund, LP

 

United States Commodity Funds LLC

1999 Harrison Street, Suite 1530

Oakland, CA 94612