Brent Crude Oil Spot Price

UKOIL (Brent) Live

Oil & Energy ETFs

United States Brent Oil Fund (BNO) ETF
United States Oil Fund (USO) ETF

WTI Crude & Brent/WTI Spread

WTI Crude Oil Live
Brent/WTI Spread Spread

Real-Time Data

All charts display live market data powered by TradingView. Brent and WTI crude oil prices update in real-time during market hours, giving you instant access to current spot prices and energy ETF values.

Why Track Brent Oil?

Brent crude is the global benchmark for oil prices, used to price two-thirds of the world's internationally traded crude oil supplies. Monitor Brent alongside WTI and natural gas for comprehensive energy market analysis.

Brent/WTI Spread

The Brent/WTI spread indicates the price difference between the two major oil benchmarks. This spread reflects supply-demand dynamics, transportation costs, and quality differences between the two crude types.

Understanding the Brent Crude Oil Price

Brent crude is the world's leading oil price benchmark, used to price roughly two-thirds of internationally traded crude. It is quoted in U.S. dollars per barrel, and the live figure shown in the chart above tracks the most actively traded contract, ICE Brent futures. Today's "Brent crude price" you see quoted in the news is typically the front-month futures price or the physical Dated Brent assessment.

The benchmark is built from a basket of North Sea crude streams — Brent, Forties, Oseberg, Ekofisk and Troll, collectively known as BFOET. For the full background on the grade and how it became the global standard, see what is Brent crude.

What moves the Brent price

The Brent crude oil price changes continuously with global supply and demand. The biggest drivers are OPEC+ production decisions, U.S. and non-OPEC output, weekly inventory data such as the EIA Petroleum Status Report, the strength of the U.S. dollar, economic-growth expectations, and geopolitical risk to key supply routes like the Strait of Hormuz. Because oil trades nearly around the clock, the quoted price reflects the latest futures and spot activity in real time.

Brent vs WTI

Brent is one of two dominant global benchmarks; the other is WTI (West Texas Intermediate), the U.S. marker delivered at Cushing, Oklahoma. The difference between them — the Brent/WTI spread — reflects transport costs, quality differences and regional supply-demand balances, and is charted live higher up this page.

Brent price history

To see how today's price compares with previous years, including the 2008 spike, the 2020 crash and recent ranges, explore the full Brent price history.

Explore the Brent & Oil Markets

Brent Crude Price FAQ

What is the Brent crude oil price today?

The live Brent crude oil price is shown in the chart at the top of this page, updated in real time during market hours. Brent is quoted in U.S. dollars per barrel and is the benchmark used to price roughly two-thirds of the world's internationally traded crude oil. The most actively traded contract is ICE Brent futures.

What is Brent crude oil?

Brent crude is a light, sweet crude oil originating from the North Sea. The name now refers to a basket of five North Sea crude streams (Brent, Forties, Oseberg, Ekofisk, Troll — together "BFOET") used as the global pricing benchmark for roughly two-thirds of internationally traded crude oil.

What is the difference between Brent and WTI?

Brent originates in the North Sea and prices most Atlantic-basin and European crude trade. WTI originates in the U.S. mid-continent and is delivered at Cushing, Oklahoma. WTI is slightly lighter and sweeter than Brent. Brent typically trades at a premium to WTI, though the spread varies with U.S. export dynamics, pipeline capacity, and regional supply-demand balance.

Why does the Brent crude price change?

The Brent price moves with global supply and demand: OPEC+ production decisions, U.S. and non-OPEC output, inventory data, economic growth expectations, the U.S. dollar, and geopolitical risk to supply routes such as the Strait of Hormuz. Because oil trades continuously, the quoted price reflects the latest futures and spot activity.

What currency and unit is Brent priced in?

Brent crude is priced in U.S. dollars per barrel, like virtually all internationally traded oil. ICE Brent futures contracts also settle in U.S. dollars per barrel.