Brent crude oil

Brent crude oil is presented on Trading Economics as a principal benchmark price for oil traded globally, serving as a key pricing reference for crude oil produced in regions such as Europe, Africa, and the Middle East, particularly for westward-moving supplies. The platform provides users with Brent crude oil prices, historical data, charts, news updates, and forecasts. Brent is described as a light and sweet crude, characterized by its relatively low density and sulfur content, making it suitable for refining into products like gasoline and diesel.

Trading Economics displays Brent crude oil prices based on over-the-counter (OTC) and contract for difference (CFD) financial instruments. These prices are intended for general market reference and do not represent official Brent crude benchmarks. The data is supplied by a third party, and while efforts are made to ensure reliability, Trading Economics notes that it does not verify the data or make representations regarding its accuracy. Users can access historical price data, summary statistics, and market forecasts, including projections for future trading values based on global macroeconomic models and analyst expectations.

The platform also features a news stream related to Brent crude oil, highlighting factors that influence price movements, such as geopolitical events, supply disruptions, and international negotiations. Notable recent news includes the impact of US-Iran tensions on shipping through the Strait of Hormuz, which has affected global energy supply concerns and contributed to price volatility. The International Energy Agency's commentary and actions by major oil-producing countries are also covered, providing context for market developments.

Trading Economics offers access to its data through browser-based downloads and an API gateway, allowing integration with external applications using any programming language.