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.
Settlement is determined by the official settlement price of the ICE Brent Crude future on the expiry date shown, adjusted for spread.
Expiry Time: 14:30 Eastern Time Latest commodities articles
Markets swing as traders re-adjust to trading in Trump’s worldExplore market reactions to Trump's trade policies, including USD drops, oil price shifts, and tariff impacts.
08:49, 21 January 2025
USD/JPY drops below 156 as US CPI eases and BOJ rate hike expectations increaseAn increase in rate hike expectations from the BOJ and softer US CPI data see USD/JPY turn lower
14:52, 16 January 2025
UK inflation cools in December, GBP/USD attempts to bounce backUK inflation drops more than expected in December, easing some of the fears about the UK economy.
09:49, 15 January 2025
Market Analysis: EUR/GBP Extends Rally but Faces Key ResistanceA worsening economic outlook in the UK is driving the pound lower, pushing EUR/GBP to a two-and-a-half-month high.
15:01, 14 January 2025