Brent Oil Prices
Welcome to browse the page of Brent Crude Oil Price which shows the current Brent crude oil price and its fluctuation width, previous close price and open price, etc. It also shows the Brent crude price history charts. Brent Crude Oil Prices serve as a major benchmark price for trading classification of sweet light crude oil around the world, therefore, it is essential to take attention to the prices of Brent crude oil.
Brent Crude Oil Price Per Barrel
Brent Crude Oil Price
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78.40 US Dollar +0.95 (+1.23%)
Prev. Close: $77.45
Open: $77.57
Day's Range: $77.57 - $78.54
Prices Updated: Mar 15, 2023 at 05:39 NY Time
Brent Oil Price Chart
Brent Oil Prices In US Dollar
| Brent Oil | US Dollar | US Dollar | Brent Oil |
|---|---|---|---|
| 1 Barrel | 78.4 USD | 1 USD | 0.01276 Barrel |
| 2 Barrel | 156.8 USD | 2 USD | 0.02551 Barrel |
| 5 Barrel | 392 USD | 5 USD | 0.06378 Barrel |
| 10 Barrel | 784 USD | 10 USD | 0.12755 Barrel |
| 20 Barrel | 1568 USD | 20 USD | 0.2551 Barrel |
| 25 Barrel | 1960 USD | 25 USD | 0.31888 Barrel |
| 50 Barrel | 3920 USD | 50 USD | 0.63776 Barrel |
| 100 Barrel | 7840 USD | 100 USD | 1.27551 Barrel |
| 1000 Barrel | 78400 USD | 1000 USD | 12.7551 Barrel |
Brent Crude:
Brent Crude (also known as Brent Blend, or London Brent) is described as light and sweet crude oil because of its relatively low density and low sulfur content. It serves as a benchmark price for two-thirds of all crude oil trading around the world. Brent crude is extracted from the North Sea including Brent Blend, Forties Blend, Oseberg, and Ekofisk crudes. Brent blend is a light crude oil (LCO) that contains approximately 0.37% of sulfur, however, not sweet as West Texas Intermediate (WTI). It is suitable for refining petrol, diesel fuel, and other high-demand products. The refinery of Brent crude is generally limited to North-Western Europe, but it is possible to change if the price to export it elsewhere is sufficiently low.
Brent Crude Futures:
Brent crude futures are traded on the Intercontinental Exchange (ICE) with symbol B and priced in dollars. One contract equals 1,000 barrels (159 m3). Each tick lost or gained equals $10. Brent crude futures are also traded on the New York Mercantile Exchange (NYMEX) with the symbol BZ. In addition to the above exchanges, it is also possible to trade Brent Crude futures at other exchanges worldwide, such as the Dubai Gold and Commodities Exchange (DGCX). It has expiry dates in all 12 months of the year.
What Factors Determine Oil Prices?
Crude oil as a commodity, its futures are the world's most actively traded commodity. There are large numbers of factors influencing the crude oil prices and the prices of Brent crude oil futures, such as global macroeconomic conditions, political, war, market speculation, production costs, supply and demand, the value of the U.S. Dollar, and so on. Such as US economic sanctions against Russia, which result in the plummeting price of oil. Its price from $115 per barrel in June 2014 down to $49 per barrel in January 2015.
