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FAIR VALUE OF FINANCIAL INSTRUMENTS - Valuation of BNO'S Securities (Details) - USD ($)	Mar. 31, 2020	Dec. 31, 2019
Short-Term Investments	$ 48,854,518	$ 78,785,251
Exchange-Traded Futures Contracts
Foreign Contracts	(11,159,970)	1,161,610
Fair Value, Inputs, Level 1 [Member]
Short-Term Investments	48,854,518	78,785,251
Exchange-Traded Futures Contracts
Foreign Contracts	(11,159,970)	1,161,610
Fair Value, Inputs, Level 2 [Member]
Short-Term Investments	0	0
Exchange-Traded Futures Contracts
Foreign Contracts	0	0
Fair Value, Inputs, Level 3 [Member]
Short-Term Investments	0	0
Exchange-Traded Futures Contracts
Foreign Contracts	$ 0	$ 0

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Unrealized gain (loss) on open commodity futures contracts.

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