A whole bunch of new commodities ETF and ETN, including Brent Oil

I'm really glad to see all these new instrument available to the retail investor today while they remained only available to the investment banking clients for some time. The retain investor can now comfortably invest/trade/speculate on the commodities and commodities indices without going through the high fees that come from structured products.

[Index Universe] United States Commodity Funds, the exchange-traded fund company behind the popular U.S. crude oil ETF “USO,” launched a similar oil fund focused on Brent oil produced in Europe’s North Sea.

The United States Brent Oil Fund LP’s (NYSEArca: BNO) investment objective is to track daily changes in percentage terms of the near-month contract price of Brent crude futures as traded on the IntercontinentalExchange (ICE), except when the near-month instrument is within two weeks of expiration. At such times, the fund’s focus will turn to the next futures contract set to expire.

[Index Universe] iPath, the line of exchange-traded notes backed by Barclays Capital, is issuing a total of 19 new commodities-related ETNs

Dow Jones-UBS Commodity Index Total Return Callable ETN (NYSEArca: DJPC)
Dow Jones-UBS Commodity Index Total Return ETN (NYSEArca: DJP)
Dow Jones-UBS Agriculture Subindex Total Return Callable ETN (NYSEArca: JJAC)
Dow Jones-UBS Aluminum Subindex Total Return Callable ETN (NYSEArca: JJUC)
Dow Jones-UBS Cocoa Subindex Total Return Callable ETN (NYSEArca: NIBC)
Dow Jones-UBS Coffee Subindex Total Return Callable ETN (NYSEArca: CAFE)
Dow Jones-UBS Copper Subindex Total Return Callable ETN (NYSEArca: JJCC)
Dow Jones-UBS Cotton Subindex Total Return Callable ETN (NYSEArca: BALC)
Dow Jones-UBS Energy Subindex Total Return Callable ETN (NYSEArca: JJEC)
Dow Jones-UBS Grains Subindex Total Return Callable ETN (NYSEArca: JJGC)
Dow Jones-UBS Industrial Metals Subindex Total Return Callable ETN (NYSEArca: JJMC)
Dow Jones-UBS Lead Subindex Total Return Callable ETN (NYSEArca: LDC)
Dow Jones-UBS Livestock Subindex Total Return Callable ETN (NYSEArca: COWC)
Dow Jones-UBS Natural Gas Subindex Total Return Callable ETN (NYSEArca: GAZC)
Dow Jones-UBS Nickel Subindex Total Return Callable ETN (NYSEArca: JJNC)
Dow Jones-UBS Platinum Subindex Total Return Callable ETN (NYSEArca: PLAC)
Dow Jones-UBS Precious Metals Subindex Total Return Callable ETN (NYSEArca: JJPC)
Dow Jones-UBS Softs Subindex Total Return Callable ETN (NYSEArca: JJSC)
Dow Jones-UBS Sugar Subindex Total Return Callable ETN (NYSEArca: SGAR)
Dow Jones-UBS Tin Subindex Total Return Callable ETN (NYSEArca: JJTC)
Dow Jones-UBS Natural Gas Subindex Total Return ETN (NYSEArca: GAZ)
Dow Jones-UBS Platinum Subindex Total Returns ETN (NYSEArca: PGM)
Dow Jones-UBS Lead Subindex Total Return ETN (NYSEArca: LD)

Just a word of caution though: Investors should be particularly cautious and read the prospectus that comes with each product, specially when it's commodities related, in order to avoid losing money on rolls. ETNs are also bringing in counterparty risks. Make sure you understand what the callable bit of the ETN is...
Caveat Emptor.