BNO is trading at $63.86, up 3.17%, as renewed attacks on shipping in the Gulf and Strait of Hormuz heightened concerns about crude supply disruptions.

  • U.S. crude inventories fell 3.2 million barrels, more than expected, supporting oil prices.
  • Brent futures were reported up about 2% overnight, with coverage citing persistent geopolitical supply risks and the inventory draw.
  • Weaker equity futures are a less direct explanation for BNO’s move.