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
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
US crude (WTI) attempts to rebound but faces continued pressure
After a heavy week in commodities prices seem to have stabilised on Monday with gold, silver and copper all attempting to bottom out and push higher after continued selloffs.
09:06, 20 November 2024
Gold price predictions for the next five years: Third party data round up
Explore the future of gold prices and whether the yellow metal will continue its upward trend in the coming years.
15:16, 18 November 2024
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
Ratings and Reviews
Ratings and Reviews
