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Full Name Brent Crude Oil Spot
Spread Type Floating
Min traded quantity 1
Trading hours Mon - Fri 00:05 - 21:00 (UTC)
Long position overnight fee -0.0216%
Short position overnight fee -0.0889%
Overnight fee time 21:00 PM
Derivative Type Contract for Difference
Brent Crude Oil Spot
Brent oil is a benchmark that defines oil prices worldwide. The group consists of Brent Blend, Oseberg and other low-sulfur sweet crudes. Brent Oil accounts for the majority of the world's oil deposits and serves as a global reference for market price. Although historically the classification includes light sweet crudes from the Atlantic basin, oil produced in Europe, Africa and the Middle East is priced according to Brent Oil. Processed Brent oils give the world gasoline, diesel and kerosene. Brent oils are traded in futures and options contracts on major futures exchanges.