Brent crude prices

Brent crude or Brent blend is one of the types of light and sweet oils. It is used to price oil in two-thirds of oil production around the world. The price of Brent crude is linked to the US dollar. This page displays information about the price of Brent crude with a graph and a review of the most important indicators of Brent crude prices.

Brent oil price now

72.05

0.338 (0.47%)
UKOil
  • Highest price 72.82
  • Lowest price 71.48
  • Opening price 72.38
08:11:04 - Last update

Brent Oil /USD Chart

loading
technical-data

Brent crude oil price analysis

Technical indicators indicate to a strong decline in prices Brent oil / USD

  • Moving averages give a signal Sell
    • 4 Averages: Signal Buy
    • 8 Averages: Signal Sell
  • Other technical indicators give a signal Strong selling
    • 1 average : Signal Buy
    • 3 Indicators : Signal Sell
The most important points of support and resistance for Brent crude oil prices
Type
Support 3
Support 2
Support 1
Pivot
Resistance 1
Resistance 2
Resistance 3
traditional
70.90
71.38
71.71
72.19
72.52
73.01
73.34
Fibonacci
71.38
71.69
71.88
72.19
72.50
72.70
73.01
Camarilla
71.82
71.89
71.97
72.19
72.12
72.19
72.26
Woodies
70.82
71.34
71.64
72.16
72.45
72.97
73.26

Last update 30 September 2024 08:00am

The most frequently asked questions about Brent crude oil and Brent crude oil prices
Brent crude oil is extracted from the North Sea in the Atlantic Ocean, which is the region located between the United Kingdom, Norway, France, Denmark, the Netherlands, Germany and Belgium. It is extracted as a mixture of several types of crude oil
European countries consume most of the production of Brent crude oil, and export quantities of it to the United States of America and some African countries.
Oil is one of the strategic commodities whose prices are affected and influenced by many major economies in the world, in addition to political changes, conflicts, and in general, oil contracts, like any other commodity, are directly affected by the size of the supply or product of it, and the size of the demand for it in return, that is, the influence The main thing on prices is supply and demand.
As an indirect effect, the following three factors can be mentioned:
  • The role played by OPEC, the oil-producing organization, in trying to price a barrel of oil by determining the volume of oil supplies
  • Economic growth and increased industrial activity in major economies lead to increased demand for oil
  • Major economic reports have a short-term impact on oil prices, such as the American Petroleum Institute's weekly US inventory report.
Brent crude is used to price up to two-thirds of the world's circulating oil production, and despite its higher price than American oil and the OPEC basket, the low shipping cost offsets this rise and sometimes makes it preferred by many countries in the world.
Upcoming Educational Courses
More Webinars
Forex Brokers
vantage exness fxpro easymarkets ic-markets alpari topfx moneta-markets
Risk warning: Trading using financial leverage in financial markets involves high risks that are not suitable for all types of investors. You must understand the risks to which your money may be exposed. All opinions, analyses, recommendations and content presented on the site are for the purpose of financial education and should not be considered to make any investment decisions, whether to buy or sell. Please see detailed risk warning by clicking Here.