🔴 Commodities Focused ETF (BNO) is trading 3.15% down today as Saudi Arabia adds cargoes via Oman

BNO is trading at $61.56 (-3.15%) as crude prices retreat after Saudi Arabia offered additional cargoes through Oman, easing disruption fears.

• Brent crude fell roughly 1.5% on September 16 after Saudi Arabia offered additional cargoes through Oman, easing disruption fears.
• The decline reverses Tuesday’s surge after attacks on Saudi infrastructure and Red Sea shipping lifted Brent above $107.
• Strong U.S. retail sales and elevated Treasury yields ahead of the Fed decision may pressure commodities sentiment.