Brent rose to 70.45 USD/Bbl on July 14, 2025, up 0.12% from the previous day. Over the past month, Brent's price has fallen 3.80%, and is down 16.98% compared to the same time last year, according to trading on a contract for difference (CFD) that tracks the benchmark market for this commodity. Brent crude oil - values, historical data, forecasts and news - updated on July of 2025.

Brent crude oil is projected to have an average annual spot price of 65.85 U.S. dollars per barrel in 2025, according to a forecast from May 2025. This would mean a decrease of nearly 15 U.S. dollars compared to the previous year, and also reflects a reduced forecast WTI crude oil price. Lower economic activity, an increase in OPEC+ production output, and uncertainty over trade tariffs all impacted price forecasting. All about Brent Also known as Brent Blend, London Brent, and Brent petroleum, Brent Crude is a crude oil benchmark named after the exploration site in the North Sea's Brent oilfield. It is a sweet light crude oil but slightly heavier than West Texas Intermediate. In this context, sweet refers to a low sulfur content and light refers to a relatively low density when compared to other crude oil benchmarks. Price development in the 2020s Oil prices are volatile, impacted by consumer demand and discoveries of new oilfields, new extraction methods such as fracking, and production caps routinely placed by OPEC on its member states. The price for Brent crude oil stood at an average of just 42 U.S. dollars in 2020, when the coronavirus pandemic resulted in a sudden demand drop. Two years later, sanctions on Russian energy imports, had pushed up prices to a new decade-high, above 100 U.S. dollars per barrel.

DoF Forecast: Brent Crude Oil Price data was reported at 68.300 USD/Barrel in 2023. This stayed constant from the previous number of 68.300 USD/Barrel for 2022. DoF Forecast: Brent Crude Oil Price data is updated yearly, averaging 72.400 USD/Barrel from Dec 2010 (Median) to 2023, with 14 observations. The data reached an all-time high of 111.900 USD/Barrel in 2012 and a record low of 44.000 USD/Barrel in 2016. DoF Forecast: Brent Crude Oil Price data remains active status in CEIC and is reported by Department of Finance. The data is categorized under Global Database’s Ireland – Table IE.P005: Brent Crude Oil Price: Forecast.

Explore the dynamic factors influencing Brent crude oil prices, including geopolitical tensions, supply-demand shifts, economic trends, and technological advancements. This comprehensive analysis highlights how these elements shape future price forecasts.

BOP Forecast: Brent Oil Price data was reported at 58.000 EUR/Barrel in 2020. This records a decrease from the previous number of 62.100 EUR/Barrel for 2019. BOP Forecast: Brent Oil Price data is updated yearly, averaging 60.050 EUR/Barrel from Dec 2017 (Median) to 2020, with 4 observations. The data reached an all-time high of 62.200 EUR/Barrel in 2018 and a record low of 48.200 EUR/Barrel in 2017. BOP Forecast: Brent Oil Price data remains active status in CEIC and is reported by Bank of Portugal. The data is categorized under Global Database’s Portugal – Table PT.P001: Brent Crude Oil: Forecast.

United Kingdom BOE Forecast: Brent Crude Oil Price data was reported at 71.000 USD/Barrel in 2021. This records a decrease from the previous number of 74.000 USD/Barrel for 2020. United Kingdom BOE Forecast: Brent Crude Oil Price data is updated yearly, averaging 72.500 USD/Barrel from Dec 2014 (Median) to 2021, with 8 observations. The data reached an all-time high of 81.000 USD/Barrel in 2018 and a record low of 43.000 USD/Barrel in 2015. United Kingdom BOE Forecast: Brent Crude Oil Price data remains active status in CEIC and is reported by Bank of England. The data is categorized under Global Database’s United Kingdom – Table UK.P009: Crude Oil and Gas Prices: Forecast.

Learn about the various factors influencing the forecast for Brent crude oil prices, including geopolitical tensions, supply and demand dynamics, and regulations affecting the oil industry. Understand how factors such as global oil demand, oil supply, geopolitical tensions, and market sentiment can impact the forecasted prices. Discover the importance of monitoring key factors and staying updated on global oil market dynamics for assessing the accuracy and reliability of the Brent crude oil price forecast.

Crude Oil rose to 68.75 USD/Bbl on July 11, 2025, up 3.27% from the previous day. Over the past month, Crude Oil's price has risen 1.04%, but it is still 16.37% lower than a year ago, according to trading on a contract for difference (CFD) that tracks the benchmark market for this commodity. Crude Oil - values, historical data, forecasts and news - updated on July of 2025.

This dataset provides values for BRENT CRUDE OIL reported in several countries. The data includes current values, previous releases, historical highs and record lows, release frequency, reported unit and currency.

BOF Forecast: Brent Oil Price data was reported at 58.000 EUR/Barrel in 2020. This records a decrease from the previous number of 62.100 EUR/Barrel for 2019. BOF Forecast: Brent Oil Price data is updated yearly, averaging 60.050 EUR/Barrel from Dec 2017 (Median) to 2020, with 4 observations. The data reached an all-time high of 62.200 EUR/Barrel in 2018 and a record low of 48.200 EUR/Barrel in 2017. BOF Forecast: Brent Oil Price data remains active status in CEIC and is reported by Bank of France. The data is categorized under Global Database’s France – Table FR.P007: Brent Crude Oil: Forecast: Bank of France.

Goldman Sachs updates its Brent and WTI crude oil price forecasts, projecting significant declines by 2026 due to economic and geopolitical influences.

This dataset provides values for BRENT CRUDE OIL reported in several countries. The data includes current values, previous releases, historical highs and record lows, release frequency, reported unit and currency.

As of May 2025, the average annual price of Brent crude oil stood at 72 U.S. dollars per barrel. This is some eight U.S. dollars lower than the 2024 average. Brent is the world's leading price benchmark for Atlantic basin crude oils. Crude oil is one of the most closely observed commodity prices as it influences costs across all stages of the production process and consequently alters the price of consumer goods as well. What determines crude oil benchmarks? In the past decade, crude oil prices have been especially volatile. Their inherent inelasticity regarding short-term changes in demand and supply means that oil prices are erratic by nature. However, since the 2009 financial crisis, many commercial developments have greatly contributed to price volatility; such as economic growth by BRIC countries like China and India, and the advent of hydraulic fracturing and horizontal drilling in the U.S. The outbreak of the coronavirus pandemic and the Russia-Ukraine war are examples of geopolitical events dictating prices. Light crude oils - Brent and WTI Brent Crude is considered a classification of sweet light crude oil and acts as a benchmark price for oil around the world. It is considered a sweet light crude oil due to its low sulfur content and a low density and may be easily refined into gasoline. This oil originates in the North Sea and comprises several different oil blends, including Brent Blend and Ekofisk crude. Often, this crude oil is refined in Northwest Europe. Another sweet light oil often referenced alongside UK Brent is West Texas Intermediate (WTI). WTI oil prices amounted to 76.55 U.S. dollars per barrel in 2024.

Barclays revises its Brent crude forecast, lowering the 2025 estimate to $70 per barrel due to potential market volatility and supply-demand imbalances.

United States EIA Forecast: Crude Oil Price: Brent Spot Average data was reported at 71.000 USD/Barrel in Dec 2019. This stayed constant from the previous number of 71.000 USD/Barrel for Nov 2019. United States EIA Forecast: Crude Oil Price: Brent Spot Average data is updated monthly, averaging 62.750 USD/Barrel from Mar 2016 (Median) to Dec 2019, with 46 observations. The data reached an all-time high of 83.000 USD/Barrel in Oct 2018 and a record low of 34.000 USD/Barrel in Mar 2016. United States EIA Forecast: Crude Oil Price: Brent Spot Average data remains active status in CEIC and is reported by Energy Information Administration. The data is categorized under Global Database’s United States – Table US.P003: Energy Price: Forecast: Energy Information Administration.

This statistic displays a global forecast on oil prices by quarter in 2015, for UK Brent and West Texas Intermediate (WTI). In the first quarter of 2015, Brent oil prices is predicted to reach 71 U.S. dollars per barrel.

Historical dataset of daily Brent (Europe) crude oil prices over the last ten years. Values shown are daily closing prices.

Oil price forecasts have been revised downward due to increased OPEC+ supply and trade uncertainties, with analysts predicting lower Brent and U.S. crude prices for 2025.

Goldman Sachs adjusts oil price forecasts downward as trade tariffs rise and OPEC production increases, impacting global market expectations.

This dataset provides values for BRENT CRUDE OIL reported in several countries. The data includes current values, previous releases, historical highs and record lows, release frequency, reported unit and currency.