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.
Latest commodities articles
Market analysis: WTI turns lower ahead of the OPEC+ meeting
Crude oil prices extend their losses on Thursday. US crude (WTI) has pulled back to $78.50 per
barrel, ending the bullish attempt to regain the $80 handle after bouncing from $76 earlier this
week.
10:53, 31 May 2024
Brent Retreats Below 200MA Ahead of Key Reports
With OPEC's Oil Market Report set for release on Tuesday and the International Energy Agency's Oil Market Report on Wednesday, volatility looms over crude prices this week. Let's delve into the technical landscape of Brent Crude, the international oil benchmark, as we approach these pivotal reports.
12:54, 13 May 2024
XAU/USD Latest: Gold struggles to find direction as uncertainty reigns
Gold struggles to find a direction as geopolitical tensions ease and Fed rate cuts become uncertain
09:27, 9 May 2024
Oil slips back into key range despite surprise US crude inventories drop
US crude prices drop back into a key area of resistance/support even after US inventories drop for the first time in a month
15:41, 24 April 2024
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