Brent Crude Oil
BZWhat is Brent Crude Oil (BZ): complete guide for Beginners and Investors
Brent is the benchmark crude for roughly two thirds of the world’s oil, priced per barrel in US dollars.
Rate
At this moment, the price of Brent Crude Oil is —. The 24-hour trading volume is —. Over the past 24 hours, the price of Brent Crude Oil has changed from — to —. The daily high reached — over the past 24 hours, while the daily low was —.
History
Named after a North Sea field, the grade became the international reference as North Sea production grew and needed a transparent price.
Technology
It is a light, sweet crude, easy to refine, and it is waterborne — which is why it prices international rather than landlocked supply.
Use cases
Brent moves on OPEC+ decisions, geopolitical disruption and global demand, and it is the reference most non-US fuel prices ultimately derive from.
Forecast
Walbi does not publish price targets. What can be said is what moves this instrument: brent moves on OPEC+ decisions, geopolitical disruption and global demand, and it is the reference most non-US fuel prices ultimately derive from. It trades here as a USD-settled perpetual contract, so a position carries no ownership of the underlying and funding is exchanged between long and short holders for as long as it stays open.
Brent Crude Oil details
| Ticker: | BZ |
|---|---|
| Type: | Commodity · Energy |