Brent Crude Oil Price Today - Live ICE
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About Brent Crude Oil
Market Overview
Brent crude is a major trading classification of sweet light crude oil that serves as a benchmark for oil prices worldwide. It represents about 60% of all internationally traded crude oil.
Why Track Brent Prices?
- Global pricing benchmark for energy markets
- Critical for energy trading and risk management
- Economic indicator for inflation and market sentiment
Frequently Asked Questions About Brent Crude Oil
What is the current Brent crude oil price?
The current Brent crude oil price is $71.02 per barrel, updated 0 minutes ago. This is the live ICE futures price for North Sea Brent crude oil, the global benchmark for oil pricing used by approximately two-thirds of the world's traded oil.
What is Brent crude oil?
Brent crude oil is a light, sweet crude oil extracted from the North Sea. It serves as the leading global price benchmark for Atlantic basin crude oils. Named after the Brent oil field, it's actually a blend of oils from multiple North Sea fields including Brent, Forties, Oseberg, and Ekofisk (BFOE).
Why is Brent crude more expensive than WTI?
Brent crude typically trades at a premium to WTI due to several factors: it's waterborne and easier to transport globally, has direct access to international markets, and represents a broader basket of oils. The Brent-WTI spread varies based on U.S. production levels, pipeline constraints, and global supply-demand dynamics.
How often are Brent oil prices updated?
Our Brent crude oil prices are updated every 5 minutes during market hours, providing near real-time data from ICE futures trading. The data includes the latest futures prices in USD per barrel, reflecting global oil market movements throughout the trading day.
What factors affect Brent crude oil prices?
Brent crude prices are influenced by:
- Global Supply: OPEC+ production decisions and quotas
- Demand Factors: Global economic growth and energy consumption
- Geopolitics: Middle East tensions and sanctions on oil producers
- Market Factors: USD strength, inventory levels, and refinery demand
Integrate Live Brent Crude Data
Get the same real-time Brent crude oil price data powering this page. Start with a free API key and scale as your business grows.
curl https://api.oilpriceapi.com/prices \ -H 'Authorization: Token YOUR_API_KEY'