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CONTRACTS AND AGREEMENTS (Tables)

9 Months Ended

Sep. 30, 2018

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 nine months ended September 30, 2018				For the nine months ended September 30, 2017
Total commissions accrued to brokers		$	73,083			$	103,523
Total commissions as annualized percentage of average total net assets			0.10	%			0.14	%
Commissions accrued as a result of rebalancing		$	70,419			$	99,442
Percentage of commissions accrued as a result of rebalancing			96.35	%			96.06	%
Commissions accrued as a result of creation and redemption activity		$	2,664			$	4,081
Percentage of commissions accrued as a result of creation and redemption activity			3.65	%			3.94	%

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