BNO is trading at $61.18, a change of -3.04%, as G7 plans to release 100 million barrels of crude and diesel from emergency reserves, easing supply concerns.
- Middle East crude exports exceeded pre-war levels on several recent days, improving the supply outlook.
- Ongoing Gulf disruption and tanker risks limited the decline. BNO tracks Brent crude futures, tying the move to the oil market.