XML 32 R3.htm IDEA: XBRL DOCUMENT v2.4.1.9
Condensed Schedule of Investments (USD $)
Mar. 31, 2015
Market Values $ 60,987,238us-gaap_InvestmentOwnedUnderlyingFaceAmountAtMarketValue
% of Partners' Capital 56.20%bno_PercentageOfPartnersCapital
Cash Equivalents [Member] | US Treasury Securities [Member]  
Market Values 50,987,238us-gaap_InvestmentOwnedUnderlyingFaceAmountAtMarketValue
/ invest_InvestmentAxis
= us-gaap_CashEquivalentsMember
/ invest_InvestmentSecuritiesClassAxis
= us-gaap_USTreasurySecuritiesMember
% of Partners' Capital 46.98%bno_PercentageOfPartnersCapital
/ invest_InvestmentAxis
= us-gaap_CashEquivalentsMember
/ invest_InvestmentSecuritiesClassAxis
= us-gaap_USTreasurySecuritiesMember
Cash Equivalents [Member] | US Treasury Securities [Member] | U.S. Treasury Bills,0.05%, 4/23/2015 [Member]  
Principal Amount 4,000,000us-gaap_InvestmentOwnedBalancePrincipalAmount
/ invest_InvestmentAxis
= us-gaap_CashEquivalentsMember
/ invest_InvestmentSecuritiesClassAxis
= us-gaap_USTreasurySecuritiesMember
/ invest_InvestmentSecuritiesSeriesAxis
= bno_UsTreasuryBills0054232015Member
Market Values 3,999,878us-gaap_InvestmentOwnedUnderlyingFaceAmountAtMarketValue
/ invest_InvestmentAxis
= us-gaap_CashEquivalentsMember
/ invest_InvestmentSecuritiesClassAxis
= us-gaap_USTreasurySecuritiesMember
/ invest_InvestmentSecuritiesSeriesAxis
= bno_UsTreasuryBills0054232015Member
% of Partners' Capital 3.69%bno_PercentageOfPartnersCapital
/ invest_InvestmentAxis
= us-gaap_CashEquivalentsMember
/ invest_InvestmentSecuritiesClassAxis
= us-gaap_USTreasurySecuritiesMember
/ invest_InvestmentSecuritiesSeriesAxis
= bno_UsTreasuryBills0054232015Member
Cash Equivalents [Member] | US Treasury Securities [Member] | U.S. Treasury Bills,0.07, 5/21/2015 [Member]  
Principal Amount 4,000,000us-gaap_InvestmentOwnedBalancePrincipalAmount
/ invest_InvestmentAxis
= us-gaap_CashEquivalentsMember
/ invest_InvestmentSecuritiesClassAxis
= us-gaap_USTreasurySecuritiesMember
/ invest_InvestmentSecuritiesSeriesAxis
= bno_UsTreasuryBills0075212015Member
Market Values 3,999,639us-gaap_InvestmentOwnedUnderlyingFaceAmountAtMarketValue
/ invest_InvestmentAxis
= us-gaap_CashEquivalentsMember
/ invest_InvestmentSecuritiesClassAxis
= us-gaap_USTreasurySecuritiesMember
/ invest_InvestmentSecuritiesSeriesAxis
= bno_UsTreasuryBills0075212015Member
% of Partners' Capital 3.69%bno_PercentageOfPartnersCapital
/ invest_InvestmentAxis
= us-gaap_CashEquivalentsMember
/ invest_InvestmentSecuritiesClassAxis
= us-gaap_USTreasurySecuritiesMember
/ invest_InvestmentSecuritiesSeriesAxis
= bno_UsTreasuryBills0075212015Member
Cash Equivalents [Member] | US Treasury Securities [Member] | U.S. Treasury Bills,0.10, 6/25/2015 [Member]  
Principal Amount 5,000,000us-gaap_InvestmentOwnedBalancePrincipalAmount
/ invest_InvestmentAxis
= us-gaap_CashEquivalentsMember
/ invest_InvestmentSecuritiesClassAxis
= us-gaap_USTreasurySecuritiesMember
/ invest_InvestmentSecuritiesSeriesAxis
= bno_UsTreasuryBills0106252015Member
Market Values 4,998,878us-gaap_InvestmentOwnedUnderlyingFaceAmountAtMarketValue
/ invest_InvestmentAxis
= us-gaap_CashEquivalentsMember
/ invest_InvestmentSecuritiesClassAxis
= us-gaap_USTreasurySecuritiesMember
/ invest_InvestmentSecuritiesSeriesAxis
= bno_UsTreasuryBills0106252015Member
% of Partners' Capital 4.61%bno_PercentageOfPartnersCapital
/ invest_InvestmentAxis
= us-gaap_CashEquivalentsMember
/ invest_InvestmentSecuritiesClassAxis
= us-gaap_USTreasurySecuritiesMember
/ invest_InvestmentSecuritiesSeriesAxis
= bno_UsTreasuryBills0106252015Member
Cash Equivalents [Member] | US Treasury Securities [Member] | U.S. Treasury Bills,0.05, 7/09/2015 [Member]  
Principal Amount 3,000,000us-gaap_InvestmentOwnedBalancePrincipalAmount
/ invest_InvestmentAxis
= us-gaap_CashEquivalentsMember
/ invest_InvestmentSecuritiesClassAxis
= us-gaap_USTreasurySecuritiesMember
/ invest_InvestmentSecuritiesSeriesAxis
= bno_UsTreasuryBills0057092015Member
Market Values 2,999,629us-gaap_InvestmentOwnedUnderlyingFaceAmountAtMarketValue
/ invest_InvestmentAxis
= us-gaap_CashEquivalentsMember
/ invest_InvestmentSecuritiesClassAxis
= us-gaap_USTreasurySecuritiesMember
/ invest_InvestmentSecuritiesSeriesAxis
= bno_UsTreasuryBills0057092015Member
% of Partners' Capital 2.76%bno_PercentageOfPartnersCapital
/ invest_InvestmentAxis
= us-gaap_CashEquivalentsMember
/ invest_InvestmentSecuritiesClassAxis
= us-gaap_USTreasurySecuritiesMember
/ invest_InvestmentSecuritiesSeriesAxis
= bno_UsTreasuryBills0057092015Member
Cash Equivalents [Member] | US Treasury Securities [Member] | U.S. Treasury Bills,0.08, 7/23/2015 [Member]  
Principal Amount 5,000,000us-gaap_InvestmentOwnedBalancePrincipalAmount
/ invest_InvestmentAxis
= us-gaap_CashEquivalentsMember
/ invest_InvestmentSecuritiesClassAxis
= us-gaap_USTreasurySecuritiesMember
/ invest_InvestmentSecuritiesSeriesAxis
= bno_UsTreasuryBills0087232015Member
Market Values 4,998,823us-gaap_InvestmentOwnedUnderlyingFaceAmountAtMarketValue
/ invest_InvestmentAxis
= us-gaap_CashEquivalentsMember
/ invest_InvestmentSecuritiesClassAxis
= us-gaap_USTreasurySecuritiesMember
/ invest_InvestmentSecuritiesSeriesAxis
= bno_UsTreasuryBills0087232015Member
% of Partners' Capital 4.61%bno_PercentageOfPartnersCapital
/ invest_InvestmentAxis
= us-gaap_CashEquivalentsMember
/ invest_InvestmentSecuritiesClassAxis
= us-gaap_USTreasurySecuritiesMember
/ invest_InvestmentSecuritiesSeriesAxis
= bno_UsTreasuryBills0087232015Member
Cash Equivalents [Member] | US Treasury Securities [Member] | U.S. Treasury Bills,0.06, 7/30/2015 [Member]  
Principal Amount 3,000,000us-gaap_InvestmentOwnedBalancePrincipalAmount
/ invest_InvestmentAxis
= us-gaap_CashEquivalentsMember
/ invest_InvestmentSecuritiesClassAxis
= us-gaap_USTreasurySecuritiesMember
/ invest_InvestmentSecuritiesSeriesAxis
= bno_UsTreasuryBills0067302015Member
Market Values 2,999,450us-gaap_InvestmentOwnedUnderlyingFaceAmountAtMarketValue
/ invest_InvestmentAxis
= us-gaap_CashEquivalentsMember
/ invest_InvestmentSecuritiesClassAxis
= us-gaap_USTreasurySecuritiesMember
/ invest_InvestmentSecuritiesSeriesAxis
= bno_UsTreasuryBills0067302015Member
% of Partners' Capital 2.76%bno_PercentageOfPartnersCapital
/ invest_InvestmentAxis
= us-gaap_CashEquivalentsMember
/ invest_InvestmentSecuritiesClassAxis
= us-gaap_USTreasurySecuritiesMember
/ invest_InvestmentSecuritiesSeriesAxis
= bno_UsTreasuryBills0067302015Member
Cash Equivalents [Member] | US Treasury Securities [Member] | U.S. Treasury Bills,0.06, 8/06/2015 [Member]  
Principal Amount 2,000,000us-gaap_InvestmentOwnedBalancePrincipalAmount
/ invest_InvestmentAxis
= us-gaap_CashEquivalentsMember
/ invest_InvestmentSecuritiesClassAxis
= us-gaap_USTreasurySecuritiesMember
/ invest_InvestmentSecuritiesSeriesAxis
= bno_UsTreasuryBills0068062015Member
Market Values 1,999,612us-gaap_InvestmentOwnedUnderlyingFaceAmountAtMarketValue
/ invest_InvestmentAxis
= us-gaap_CashEquivalentsMember
/ invest_InvestmentSecuritiesClassAxis
= us-gaap_USTreasurySecuritiesMember
/ invest_InvestmentSecuritiesSeriesAxis
= bno_UsTreasuryBills0068062015Member
% of Partners' Capital 1.84%bno_PercentageOfPartnersCapital
/ invest_InvestmentAxis
= us-gaap_CashEquivalentsMember
/ invest_InvestmentSecuritiesClassAxis
= us-gaap_USTreasurySecuritiesMember
/ invest_InvestmentSecuritiesSeriesAxis
= bno_UsTreasuryBills0068062015Member
Cash Equivalents [Member] | US Treasury Securities [Member] | U.S. Treasury Bills,0.07, 8/13/2015 [Member]  
Principal Amount 3,000,000us-gaap_InvestmentOwnedBalancePrincipalAmount
/ invest_InvestmentAxis
= us-gaap_CashEquivalentsMember
/ invest_InvestmentSecuritiesClassAxis
= us-gaap_USTreasurySecuritiesMember
/ invest_InvestmentSecuritiesSeriesAxis
= bno_UsTreasuryBills0078132015Member
Market Values 2,999,274us-gaap_InvestmentOwnedUnderlyingFaceAmountAtMarketValue
/ invest_InvestmentAxis
= us-gaap_CashEquivalentsMember
/ invest_InvestmentSecuritiesClassAxis
= us-gaap_USTreasurySecuritiesMember
/ invest_InvestmentSecuritiesSeriesAxis
= bno_UsTreasuryBills0078132015Member
% of Partners' Capital 2.76%bno_PercentageOfPartnersCapital
/ invest_InvestmentAxis
= us-gaap_CashEquivalentsMember
/ invest_InvestmentSecuritiesClassAxis
= us-gaap_USTreasurySecuritiesMember
/ invest_InvestmentSecuritiesSeriesAxis
= bno_UsTreasuryBills0078132015Member
Cash Equivalents [Member] | US Treasury Securities [Member] | U.S. Treasury Bills,0.07, 8/20/2015 [Member]  
Principal Amount 4,000,000us-gaap_InvestmentOwnedBalancePrincipalAmount
/ invest_InvestmentAxis
= us-gaap_CashEquivalentsMember
/ invest_InvestmentSecuritiesClassAxis
= us-gaap_USTreasurySecuritiesMember
/ invest_InvestmentSecuritiesSeriesAxis
= bno_UsTreasuryBills0078202015Member
Market Values 3,998,982us-gaap_InvestmentOwnedUnderlyingFaceAmountAtMarketValue
/ invest_InvestmentAxis
= us-gaap_CashEquivalentsMember
/ invest_InvestmentSecuritiesClassAxis
= us-gaap_USTreasurySecuritiesMember
/ invest_InvestmentSecuritiesSeriesAxis
= bno_UsTreasuryBills0078202015Member
% of Partners' Capital 3.68%bno_PercentageOfPartnersCapital
/ invest_InvestmentAxis
= us-gaap_CashEquivalentsMember
/ invest_InvestmentSecuritiesClassAxis
= us-gaap_USTreasurySecuritiesMember
/ invest_InvestmentSecuritiesSeriesAxis
= bno_UsTreasuryBills0078202015Member
Cash Equivalents [Member] | US Treasury Securities [Member] | U.S. Treasury Bills,0.07, 8/27/2015 [Member]  
Principal Amount 5,000,000us-gaap_InvestmentOwnedBalancePrincipalAmount
/ invest_InvestmentAxis
= us-gaap_CashEquivalentsMember
/ invest_InvestmentSecuritiesClassAxis
= us-gaap_USTreasurySecuritiesMember
/ invest_InvestmentSecuritiesSeriesAxis
= bno_UsTreasuryBills0078272015Member
Market Values 4,998,664us-gaap_InvestmentOwnedUnderlyingFaceAmountAtMarketValue
/ invest_InvestmentAxis
= us-gaap_CashEquivalentsMember
/ invest_InvestmentSecuritiesClassAxis
= us-gaap_USTreasurySecuritiesMember
/ invest_InvestmentSecuritiesSeriesAxis
= bno_UsTreasuryBills0078272015Member
% of Partners' Capital 4.61%bno_PercentageOfPartnersCapital
/ invest_InvestmentAxis
= us-gaap_CashEquivalentsMember
/ invest_InvestmentSecuritiesClassAxis
= us-gaap_USTreasurySecuritiesMember
/ invest_InvestmentSecuritiesSeriesAxis
= bno_UsTreasuryBills0078272015Member
Cash Equivalents [Member] | US Treasury Securities [Member] | U.S. Treasury Bills,0.08, 9/03/2015 [Member]  
Principal Amount 5,000,000us-gaap_InvestmentOwnedBalancePrincipalAmount
/ invest_InvestmentAxis
= us-gaap_CashEquivalentsMember
/ invest_InvestmentSecuritiesClassAxis
= us-gaap_USTreasurySecuritiesMember
/ invest_InvestmentSecuritiesSeriesAxis
= bno_UsTreasuryBills0089032015Member
Market Values 4,998,385us-gaap_InvestmentOwnedUnderlyingFaceAmountAtMarketValue
/ invest_InvestmentAxis
= us-gaap_CashEquivalentsMember
/ invest_InvestmentSecuritiesClassAxis
= us-gaap_USTreasurySecuritiesMember
/ invest_InvestmentSecuritiesSeriesAxis
= bno_UsTreasuryBills0089032015Member
% of Partners' Capital 4.61%bno_PercentageOfPartnersCapital
/ invest_InvestmentAxis
= us-gaap_CashEquivalentsMember
/ invest_InvestmentSecuritiesClassAxis
= us-gaap_USTreasurySecuritiesMember
/ invest_InvestmentSecuritiesSeriesAxis
= bno_UsTreasuryBills0089032015Member
Cash Equivalents [Member] | US Treasury Securities [Member] | U.S. Treasury Bills,0.10, 9/10/2015 [Member]  
Principal Amount 3,000,000us-gaap_InvestmentOwnedBalancePrincipalAmount
/ invest_InvestmentAxis
= us-gaap_CashEquivalentsMember
/ invest_InvestmentSecuritiesClassAxis
= us-gaap_USTreasurySecuritiesMember
/ invest_InvestmentSecuritiesSeriesAxis
= bno_UsTreasuryBills0109102015Member
Market Values 2,998,717us-gaap_InvestmentOwnedUnderlyingFaceAmountAtMarketValue
/ invest_InvestmentAxis
= us-gaap_CashEquivalentsMember
/ invest_InvestmentSecuritiesClassAxis
= us-gaap_USTreasurySecuritiesMember
/ invest_InvestmentSecuritiesSeriesAxis
= bno_UsTreasuryBills0109102015Member
% of Partners' Capital 2.76%bno_PercentageOfPartnersCapital
/ invest_InvestmentAxis
= us-gaap_CashEquivalentsMember
/ invest_InvestmentSecuritiesClassAxis
= us-gaap_USTreasurySecuritiesMember
/ invest_InvestmentSecuritiesSeriesAxis
= bno_UsTreasuryBills0109102015Member
Cash Equivalents [Member] | US Treasury Securities [Member] | U.S. Treasury Bills,0.12, 9/17/2015 [Member]  
Principal Amount 2,000,000us-gaap_InvestmentOwnedBalancePrincipalAmount
/ invest_InvestmentAxis
= us-gaap_CashEquivalentsMember
/ invest_InvestmentSecuritiesClassAxis
= us-gaap_USTreasurySecuritiesMember
/ invest_InvestmentSecuritiesSeriesAxis
= bno_UsTreasuryBills0129172015Member
Market Values 1,998,920us-gaap_InvestmentOwnedUnderlyingFaceAmountAtMarketValue
/ invest_InvestmentAxis
= us-gaap_CashEquivalentsMember
/ invest_InvestmentSecuritiesClassAxis
= us-gaap_USTreasurySecuritiesMember
/ invest_InvestmentSecuritiesSeriesAxis
= bno_UsTreasuryBills0129172015Member
% of Partners' Capital 1.84%bno_PercentageOfPartnersCapital
/ invest_InvestmentAxis
= us-gaap_CashEquivalentsMember
/ invest_InvestmentSecuritiesClassAxis
= us-gaap_USTreasurySecuritiesMember
/ invest_InvestmentSecuritiesSeriesAxis
= bno_UsTreasuryBills0129172015Member
Cash Equivalents [Member] | US Treasury Securities [Member] | U.S. Treasury Bills,0.11, 9/24/2015 [Member]  
Principal Amount 3,000,000us-gaap_InvestmentOwnedBalancePrincipalAmount
/ invest_InvestmentAxis
= us-gaap_CashEquivalentsMember
/ invest_InvestmentSecuritiesClassAxis
= us-gaap_USTreasurySecuritiesMember
/ invest_InvestmentSecuritiesSeriesAxis
= bno_UsTreasuryBills0119242015Member
Market Values 2,998,387us-gaap_InvestmentOwnedUnderlyingFaceAmountAtMarketValue
/ invest_InvestmentAxis
= us-gaap_CashEquivalentsMember
/ invest_InvestmentSecuritiesClassAxis
= us-gaap_USTreasurySecuritiesMember
/ invest_InvestmentSecuritiesSeriesAxis
= bno_UsTreasuryBills0119242015Member
% of Partners' Capital 2.76%bno_PercentageOfPartnersCapital
/ invest_InvestmentAxis
= us-gaap_CashEquivalentsMember
/ invest_InvestmentSecuritiesClassAxis
= us-gaap_USTreasurySecuritiesMember
/ invest_InvestmentSecuritiesSeriesAxis
= bno_UsTreasuryBills0119242015Member
Cash Equivalents [Member] | United States [Member] | Money Market Funds [Member] | Morgan Stanley Institutional Liquidity Fund - Government Portfolio [Member]  
Principal Amount 10,000,000us-gaap_InvestmentOwnedBalancePrincipalAmount
/ invest_InvestmentAxis
= us-gaap_CashEquivalentsMember
/ invest_InvestmentGeographicRegionAxis
= country_US
/ invest_InvestmentSecuritiesClassAxis
= us-gaap_MoneyMarketFundsMember
/ invest_InvestmentSecuritiesSeriesAxis
= bno_MorganStanleyInstitutionalLiquidityFundMember
Market Values 10,000,000us-gaap_InvestmentOwnedUnderlyingFaceAmountAtMarketValue
/ invest_InvestmentAxis
= us-gaap_CashEquivalentsMember
/ invest_InvestmentGeographicRegionAxis
= country_US
/ invest_InvestmentSecuritiesClassAxis
= us-gaap_MoneyMarketFundsMember
/ invest_InvestmentSecuritiesSeriesAxis
= bno_MorganStanleyInstitutionalLiquidityFundMember
% of Partners' Capital 9.22%bno_PercentageOfPartnersCapital
/ invest_InvestmentAxis
= us-gaap_CashEquivalentsMember
/ invest_InvestmentGeographicRegionAxis
= country_US
/ invest_InvestmentSecuritiesClassAxis
= us-gaap_MoneyMarketFundsMember
/ invest_InvestmentSecuritiesSeriesAxis
= bno_MorganStanleyInstitutionalLiquidityFundMember
Open Futures Contracts - Long [Member] | United States [Member] | ICE Brent Crude Oil Futures C0 May 2015 contracts, expiring April 15, 2015 [Member]  
Number of Contracts 1,969us-gaap_InvestmentOwnedBalanceContracts
/ invest_InvestmentGeographicRegionAxis
= country_US
/ invest_InvestmentSecuritiesSeriesAxis
= bno_IceBrentCrudeOilFuturesCoOneMember
/ us-gaap_InvestmentTypeAxis
= bno_OpenFuturesContractsLongMember
Unrealized Loss on Open Commodity Contracts $ (10,535,860)bno_UnrealizedGainLossOnOpenCommodityFuturesAndClearedSwapContracts
/ invest_InvestmentGeographicRegionAxis
= country_US
/ invest_InvestmentSecuritiesSeriesAxis
= bno_IceBrentCrudeOilFuturesCoOneMember
/ us-gaap_InvestmentTypeAxis
= bno_OpenFuturesContractsLongMember
% of Partners' Capital (9.71%)bno_PercentageOfPartnersCapital
/ invest_InvestmentGeographicRegionAxis
= country_US
/ invest_InvestmentSecuritiesSeriesAxis
= bno_IceBrentCrudeOilFuturesCoOneMember
/ us-gaap_InvestmentTypeAxis
= bno_OpenFuturesContractsLongMember