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BRNG

LSE
3,411 GBp
24
0.71%
Last update May 23, 3:57 PM BST
Market closed
Day range
3,337
3,411
Previous close
3,387
Open
3,340
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Brent Crude Oil Mutual Fund
3,411.00
24
0.71%

Overview

Description

The Brent Crude Oil Mutual Fund is a financial asset designed to provide investors with exposure to the global crude oil market, primarily focusing on benchmark Brent Crude Oil prices. Its primary function is to allow investors to participate in price movements of Brent crude without the need to directly trade in the physical commodity. This mutual fund invests in a diversified portfolio that may include futures contracts, options, and other derivatives linked to the price of Brent crude oil. These financial instruments help mimic the price movement of Brent crude, which is one of the most widely used global oil price benchmarks. The fund plays a significant role in sectors such as energy, transportation, and manufacturing due to oil’s critical role in fueling industrial activities. By mirroring the performance of Brent crude, this mutual fund offers investors a means to hedge against inflation or diversify their investment portfolio, reflecting the crucial influence of energy prices on global economic conditions.

About

Address
Phone
+44 20 7355 9810
Website
Instrument type
ETF
Country
United Kingdom
MIC code
XLON
Market closed

Exchange is currently closed (non-working day)
Pre-market opens in 2 days 20 hours 40 minutes

10:34
00:00
23:59

Trading Hours (Monday - Friday):

Pre-market
07:15 - 08:00
Main market
08:00 - 16:30
Post-market
16:30 - 17:15
All times are displayed in the Europe/London timezone (BST, UTC+01:00).