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Form 8-K United States Brent Oil For: Nov 26

November 26, 2014 10:34 AM EST

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): November 26, 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

(Address of principal executive offices) (Zip Code)

(510) 522-9600
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 November 26, 2014, the United States Brent Oil Fund, LP (the “Registrant”) issued its monthly account statement for the month ended October 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 October 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:��November 26, 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 October 31, 2014
Statement of Income (Loss)
Income
Realized Trading Gain (Loss) on Futures $(5,270,964)
Unrealized Gain (Loss) on Market Value of Futures 1,560,030
Dividend Income 130
Interest Income 1,037
ETF Transaction Fees 1,050
Total Income (Loss) $(3,708,717)
Expenses
General Partner Management Fees $22,576
Professional Fees 11,780
Brokerage Commissions 3,012
Non-interested Directors' Fees and Expenses 405
Prepaid Insurance Expense 326
Total Expenses 38,099
Expense Waiver (11,056)
Net Expenses $27,043
Net Income (Loss) $(3,735,760)

Statement of Changes in Net Asset Value
Net Asset Value Beginning of Month 10/1/14 $37,721,277
Additions (100,000 Shares) 3,404,567
Net Income (Loss) (3,735,760)
Net Asset Value End of Month $37,390,084
Net Asset Value Per Share (1,100,000 Shares) $33.99

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 October 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



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