Brent Crude
BRENT · Commodity
Last updated 6:50:30 AM ET
Overview
BRENT — Brent Crude — trades publicly as a commodity. The most recent price was 89.13, up 8.05% over the past 24 hours. Trading volume came in at 11,381.
- Ticker
- BRENT
- Type
- Commodity
Historical Chart
Brent Crude price chart, 1M range. Current price 89.13. Up 8.05% over the selected range.
No chart data available for this range.
Key Statistics
Technical Indicators
Not available for this asset type.
What Is Brent Crude?
Brent Crude is a light, sweet oil blend sourced from fields in the North Sea, and serves as the leading international benchmark for oil pricing — most oil traded globally, including the majority of OPEC's production, is priced with reference to Brent rather than WTI.
The Brent benchmark is actually a blend of oil from several North Sea fields rather than a single named grade, and futures contracts are settled based on prices in the North Sea market rather than delivery to a specific U.S. hub, which gives it broader relevance to seaborne, internationally traded crude than the more domestically focused WTI.
Because it reflects global supply and demand rather than a single region's pipeline and storage dynamics, Brent tends to react more directly to OPEC+ production decisions, geopolitical disruptions to shipping routes (particularly in the Middle East), and shifts in global demand from major importers like China and India.
How Brent Crude Is Priced
Brent Crude doesn't have a market capitalization in the way a stock or cryptocurrency does — there's no fixed, countable supply of outstanding units to multiply by price. Instead, its price is set by global supply and demand in spot and futures markets: producers, industrial buyers, and speculators trade standardized contracts on commodity exchanges, and the quoted price reflects the most recent trade or settlement price for the nearest active contract. Prices move on real-world supply shocks (weather, geopolitics, production changes) and demand shifts (economic growth, industrial usage, currency strength) more than on any single company's performance.