Brent Oil Price

Brent Oil Price Per Barrel - Oil Prices Today

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

Brent Crude Oil Price
$56.72+0.88 (+1.58%)
Prev. Close: $55.84 Open: $56.19
Day's Range: $56.15 - $57.35
Price Updated: Feb 23,2017 16:34 UTC

Brent Oil Price Chart

Brent Oil Price Per Barrel 3 Months History

Brent Oil Prices In US Dollar

Brent Oil US Dollar US Dollar Brent Oil
1 Barrel56.72 USD1 USD0.01763 Barrel
2 Barrel113.44 USD2 USD0.03526 Barrel
5 Barrel283.6 USD5 USD0.08815 Barrel
10 Barrel567.2 USD10 USD0.1763 Barrel
20 Barrel1134.4 USD20 USD0.35261 Barrel
25 Barrel1418 USD25 USD0.44076 Barrel
50 Barrel2836 USD50 USD0.88152 Barrel
100 Barrel5672 USD100 USD1.76305 Barrel
1000 Barrel56720 USD1000 USD17.63047 Barrel

Crude Oil Price

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) 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.

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