What is the Brent crude oil price today?
83.50
Oil Price Charts
| Futures & Indexes | Last | % Change |
|---|---|---|
| WTI Crude | 82.01 | +0.1%(10 Minutes Delay) |
| Brent Crude | 83.50 | +0.08%(11 Minutes Delay) |
| Natural Gas | 5.432 | +0.09%(13 Minutes Delay) |
| Heating Oil | 2.468 | +0.03%(12 Minutes Delay) |
What is Brent crude oil?
Brent blend is a light crude oil (LCO), though not as light as West Texas Intermediate (WTI). It contains approximately 0.37% of sulphur, classifying it as sweet crude, yet not as sweet as WTI. Brent is suitable for production of petrol and middle distillates. It is typically refined in Northwest Europe.
Is Brent oil a British oil?
Live Brent Oil Chart and Oil Price Quotes Brent Oil is also known as London Brent or North Sea Oil. It is a light crude oil but slightly heavier than WTI. It is traded electronically via the ICE futures exchange although many in Europe now opt to spread betting or CFDs for trading the front month contracts.
What is the difference between WTI and Brent?
Brent is oil that is drilled out of the North Sea adjoining the UK and Norway while WTI Crude is extracted in the US. Predominantly, US oil is concentrated in Texas, North Dakota and New Mexico. The US uses West Texas Intermediate (WTI) as the benchmark.
What does Brent crude stand for?
Brent Crude. Definition – What does Brent Crude mean? Brent Crude, also known as North Sea Brent Crude, is a type of crude oil which has one of the great trading classifications of crude oil. It is considered as a benchmark crude for determining the trading price of other varieties of crude oil produced from rest of the world.
What is Brent’s index?
Brent Index. The Brent Index is the cash settlement price for the Intercontinental Exchange (ICE) Brent Future based on ICE Futures Brent index at expiry.
What is Brent Crude index?
The Brent Index is the average price of trading 600,000 barrels on the 25-day Brent Blend, Forties, Oseberg , Ekofisk (BFOE) market. The index is calculated as the average of:
What is Brent crude futures?
Brent Crude Futures. A futures contract on crude oil drilled in the North Sea. Prices for Brent crude futures are used as benchmarks for future oil prices in Africa, Europe and the Middle East. As such, Brent crude futures are important indicators of oil and other energy markets.