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Crude Oil Brent (UKOUSD) Price Today — Live Chart and Analysis

Brent Crude is the world's leading oil price benchmark, used to price approximately two-thirds of all globally traded crude oil. It is produced from fields in the North Sea and classified as "light sweet" — low density and low sulphur — making it easier to refine into gasoline and diesel than heavier grades. Unlike WTI, which is delivered to the US domestic hub at Cushing, Oklahoma, Brent reflects the international seaborne oil market and is therefore more sensitive to Middle East supply disruptions and global shipping route risks. Brent consistently trades at a premium to WTI — historically $2–$5/bbl, widening significantly during geopolitical supply shocks. Brent futures are traded on the ICE exchange in London.

Buy price

102.466

Sell price

102.437

Crude Oil Brent chart

Price Performance

1 week
+8.31% +8.31%
1 month
+5.41% +5.41%
YTD
+67.75% +67.75%
Year
+58.48% +58.48%
5 years
+46.81% +46.81%

Information regarding past performance is not a reliable indicator of future performance.

UKOUSD

Brent oil prices were under pressure for most of 2025. Global supply was high, as OPEC+ increased production and countries like the US, Brazil, and Guyana continued to grow output. Prices fell from about $82 per barrel to around $59 in mid-2025, before ending the year near $63–66. In early 2026, the situation changed quickly. Conflict involving Iran disrupted supply routes, including the Strait of Hormuz, through which about 20% of global oil passes. As a result, Brent surged above $100 per barrel within weeks. In Q2 2026, prices are around $95, up about 57% since the start of the year. Over the past year, Brent has traded between roughly $58 and $114. Oil supply has also been affected, with production dropping significantly during the disruption. Forecasts suggest prices could rise further in the short term, but may fall back below $90 later in the year if supply routes reopen. Key risks to watch: how long supply disruptions last, whether the conflict escalates, and how OPEC+ manages production at higher price levels.

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  • 3

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Crude Oil Brent

UKOUSD

102.452

-2.15%

Instrument CFD

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