Brent Crude Oil Live Price

Brent crude — also called Brent oil, or in full, Brent crude oil — is the world's primary seaborne oil benchmark, originally based on output from North Sea fields and traded as futures on ICE (Intercontinental Exchange). Quoted in US dollars per barrel, it prices a large share of the world's internationally traded, waterborne crude, which makes it the better gauge of global — rather than US-specific — oil-market conditions, in contrast with the landlocked WTI benchmark.

OPEC+ — the OPEC members plus allied producers such as Russia — sets output policy that shapes seaborne supply directly, so its scheduled meetings and any signal of a shift in production targets are among Brent's sharpest catalysts. Because the benchmark is waterborne, Brent is also unusually sensitive to geopolitical risk along shipping routes and chokepoints, while WTI leans more on US shale output and Cushing, Oklahoma inventory levels. The weekly US EIA and API inventory reports still move Brent as a read on the global balance, though they weigh more directly on WTI; the Brent–WTI spread itself widens and narrows with those regional pressures and is watched by energy traders as a signal in its own right. Demand expectations from large importers, refinery margins and the US dollar round out the drivers.

On the session, Brent Oil is trading at 110.16, a move of -1.54 (-1.38%) versus the previous close of 111.70. The instrument has ranged between 109.25 and 112.20 so far today. FXMARE's technical engine currently reads the setup as Strong Buy.

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