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 serves 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 Oil Price Per Barrel
Day's Range: $56.15 - $57.35
Brent Oil Prices In US Dollar
|Brent Oil||US Dollar||US Dollar||Brent Oil|
|1 Barrel||56.72 USD||1 USD||0.01763 Barrel|
|2 Barrel||113.44 USD||2 USD||0.03526 Barrel|
|5 Barrel||283.6 USD||5 USD||0.08815 Barrel|
|10 Barrel||567.2 USD||10 USD||0.1763 Barrel|
|20 Barrel||1134.4 USD||20 USD||0.35261 Barrel|
|25 Barrel||1418 USD||25 USD||0.44076 Barrel|
|50 Barrel||2836 USD||50 USD||0.88152 Barrel|
|100 Barrel||5672 USD||100 USD||1.76305 Barrel|
|1000 Barrel||56720 USD||1000 USD||17.63047 Barrel|
Crude Oil Price
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) which contains approximately 0.37% of sulphur, however, not sweet as West Texas Intermediate (WTI). It is suitable for refining of 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 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 U.S. Dollar and so on. Such as US economic sanction against Russia, that result in the plummeting price of oil. Its price from $115 per barrel in June 2014 down to $49 per barrel in January 2015.