XML 35 R18.htm IDEA: XBRL DOCUMENT v2.4.0.8
CONTRACTS AND AGREEMENTS (Tables)
 6 Months Ended
Jun. 30, 2014
Contractors [Abstract]  
Brokerage Commissions
BNO also incurs commissions to brokers for the purchase and sale of Futures Contracts, Other Crude Oil-Related Investments or short-term obligations of the United States of two years or less (“Treasuries”).
 
 
 
For the six months ended
June 30, 2014
 
 
For the six months ended
June 30, 2013
 
Total commissions accrued to brokers
 
$
10,750
 
 
$
16,290
 
Commissions accrued as a result of rebalancing
 
$
9,683
 
 
$
13,930
 
Percentage of commissions accrued as a result of rebalancing
 
 
90.08
%
 
 
85.51
%
Commissions accrued as a result of creation and redemption activity
 
$
1,067
 
 
$
2,360
 
Percentage of commissions accrued as a result of creation and redemption activity
 
 
9.92
%
 
 
14.49
%