Crude Oil Brent (UKOIL) 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
100.318
Sell price
100.307
Price Performance
Information regarding past performance is not a reliable indicator of future performance.
Analysis
Surged from around $63 to above $120 in Q1 2026 after Hormuz closure. Trades near $103 in Q3 2026 as diplomatic talks gained traction on 11 Sep, triggering a 2.3% single-day decline. Saudi Arabia has restored 90% of pre-war export levels. Key risk: breakdown in diplomatic talks.
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