CommoditiesICEContinuous
Brent Crude Oil
What is Brent Crude Oil?
Price per barrel of Brent crude oil, the global benchmark.
Why it matters
The international crude benchmark.
How to read prints
When it rises
Global energy costs rising; pressures EM importers, lifts producers.
When it falls
Global energy costs falling; supports EM and DM consumers.
Frequently asked
What is Brent crude?⌄
The North Sea light sweet crude oil grade that serves as the international seaborne pricing benchmark for ~two-thirds of globally traded crude.
Why does Brent matter more globally than WTI?⌄
Most non-U.S. crude trades at differentials to Brent. EU, Asia, and African pricing reference Brent.
What is the Brent-WTI spread?⌄
Brent minus WTI in USD/bbl. Reflects U.S. export capacity, Cushing inventories, and the cost to clear barrels offshore. Typically USD 2-8.
How does Brent move on geopolitics?⌄
Middle East, Russia, and Venezuela supply disruptions move Brent first and more than WTI. The risk premium can add USD 5-15/bbl.
Track it on Market Ontology
Monitor Brent Crude Oil in real time on Commodities Intelligence, alongside regime classification, transmission mapping, and cross-asset context.
| Source | ICE |
| Frequency | Continuous |
| Category | Commodities |
| FRED Series | DCOILBRENTEU |
| Unit | USD/bbl |
| Related Module | Commodities Intelligence |
Related indicators
Track Brent Crude Oil in real time
Cross-domain macro intelligence. Policy to prices. 7-day free trial.
Get Started