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.

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

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.

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.

In June 2025, the average price of one barrel of Brent crude oil was 71.44 U.S. dollars. This was around seven U.S. dollars more than prices the previous month, which were the lowest value in the past 24-month period. Brent terminology and most common uses Brent is the world's leading price benchmark for Atlantic basin crude oils. It is used to price two thirds of the internationally traded crude oil supplies and is also the most significant crude oil benchmark for Europe. Brent crude originates in the North Sea and includes oils from Brent and Forties Oil Field in the United Kingdom, and from the Oseborg and Ekofisk oil fields, both oil reserves in Norway. Other names for Brent are Brent Blend, London Brent and Brent petroleum. The name Brent comes from the Brent oil field, located north-east of the Shetland Islands, and thus part of the United Kingdom. Because the Brent oil field already passed its production peak, today the benchmark Brent includes oil from the other three major oil fields. Brent, next to West Texas Intermediate (WTI), is one of the lightest crude oils. With a low content of sulfur, it is ranged among the so-called sweet crude oils. Most of the Brent crude oil is refined into gasoline and middle distillates in Northwest Europe. Benchmark oil prices Other crucial benchmarks for crude oil prices are the already mentioned U.S.- WTI and Dubai Crude (Fateh). They are indispensable for referencing the many types and grades of oil on the global market. In the past 20 years, the annual price for one barrel of Brent crude oil saw a net increase. For example, the average price per barrel stood at 80.53 U.S. dollars in 2024.

Oil prices stabilize after a decline, influenced by US economic signals, trade tensions, and Iran talks. Brent crude sees its largest monthly drop since 2022, with market indicators suggesting a tightening oil market.

This dataset contains information about world's crude oil prices for 1861-2020. Data from BP. Follow datasource.kapsarc.org for timely data to advance energy economics research.Notes: 1861-1944 US Average 1945-1983 Arabian Light posted at Ras Tanura 1984-2016 Brent dated. $2020 (deflated using the Consumer Price Index for the US

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.

The price of Urals crude oil was recorded at 16.77 U.S. dollars per barrel below the benchmark Brent on September 20, 2023 (based on a rolling average of the past five days). The difference increased after a price cap on Russian oil was announced on December 2, 2022, and took effect on December 5, 2022, but it has been decreasing since end-March 2023. At the end of February 2022 and throughout March 2022, the discount rose significantly, reflecting the market reaction to the Russia-Ukraine war. In August 2023, the average price of Urals oil reached 74.5 U.S. dollars per barrel.

Russian oil price cap In December 2022, members of the G7, together with the European Union (EU) and Australia, limited the price of one barrel of Russian oil to 60 U.S. dollars in response to the war in Ukraine. The cap was planned to be reviewed every two months to reflect future market developments. The Russian government stated it would not supply oil to the countries imposing a price ceiling on its oil. While the effect of the ban on global oil prices is yet to be seen, it is expected that the ban would benefit other oil producing countries, as the EU would have to replace Russian supplies with other routes. Germany and Poland were the leading importers of Russian oil in the EU in 2021.

EU ban on Russian oil imports
The EU ban on Russian seaborne crude oil imports, announced in June 2022, took effect on December 5, 2022. Furthermore, refined petroleum products will be included from February 5, 2023. Even though the EU prohibited imports of Russian oil and refined products, it still allowed their transport to non-EU countries as long as they are purchased for 60 U.S. dollars per barrel or lower. As a result of the ban, Russia's oil production was forecast to decline to 438 million metric tons in 2022, down 10 percent from the previous year.

Urals Oil rose to 66.46 USD/Bbl on July 11, 2025, up 2.31% from the previous day. Over the past month, Urals Oil's price has risen 2.96%, but it is still 18.42% lower than a year ago, according to trading on a contract for difference (CFD) that tracks the benchmark market for this commodity. This dataset includes a chart with historical data for Urals Crude.

This dataset contains information about world's crude oil prices for 1861-2020. Data from BP. Follow datasource.kapsarc.org for timely data to advance energy economics research.Notes: 1861-1944 US Average 1945-1983 Arabian Light posted at Ras Tanura 1984-2016 Brent dated. $2020 (deflated using the Consumer Price Index for the US

This dataset contains information about world's spot oil prices for 1972-2020. Data from BP. Follow datasource.kapsarc.org for timely data to advance energy economics research. Notes:
* 1972 - 1985 Arabian Light, 1986 - 2020 Dubai dated.

† 1976 -1983 Forties, 1984 -2020 Brent dated.‡ 1976 -1983 Posted WTI prices, 1984 - 2020 Spot WTI (Cushing) prices.

This study investigates the impact of oil market uncertainty on the volatility of Chinese sector indexes. We utilize commonly used realized volatility of WTI and Brent oil price along with the CBOE crude oil volatility index (OVX) to embody the oil market uncertainty. Based on the sample span from Mar 16, 2011 to Dec 31, 2019, this study utilizes vector autoregression (VAR) model to derive the impacts of the three different uncertainty indicators on Chinese stock volatilities. The empirical results show, for all sectors, the impact of OVX on sectors volatilities are more economically and statistically significant than that of realized volatility of both WTI and Brent oil prices, especially after the Chinese refined oil pricing reform of March 27, 2013. That implies OVX is more informative than traditional WTI and Brent oil prices with respect to volatility spillover from oil market to Chinese stock market. This study could provide some important implications for the participants in Chinese stock market.

Transmembrane proteins of the tight junction (occludin, claudin-2, JAM-A), but not cytosolic proteins (cingulin, ZO-2, alpha-catenin), are incorporated into the ectopic strands formed by delta-U6 constructs. MDCK cells expressing delta-U6 (Supplementary Figures) or myc-ZNG (aa 1-806) were plated at low density in DOX-free media, fixed after 4 d and stained with antibodies against c-myc (B, D, F, H, J, and L) and antisera recognizing the transmembrane proteins occludin (A), claudin-2 (C), and JAM-A (E) or the cytosolic proteins cingulin (G), ZO-2 (I), and alpha-catenin (K). The images shown are maximum projections of 2.5–5.0-µm confocal stacks. Bar, 10 µm.

This is a georeferenced raster image of a printed paper map of the Brent, Ontario / Quebec region (Sheet No. 031L01), published in 1962. It is the second edition in a series of maps, which show both natural and man-made features such as relief, spot heights, administrative boundaries, secondary and side roads, railways, trails, wooded areas, waterways including lakes, rivers, streams and rapids, bridges, buildings, mills, power lines, terrain, and land formations. This map was published in 1962 and the information on the map is current as of 1959. Maps were produced by Natural Resources Canada (NRCan) and it's preceding agencies, in partnership with other government agencies. Please note: image / survey capture dates can span several years, and some details may have been updated later than others. Please consult individual map sheets for detailed production information, which can be found in the bottom left hand corner. Original maps were digitally scanned by McGill Libraries in partnership with Canadiana.org, and georeferencing for the maps was provided by the University of Toronto Libraries and Eastview Corporation.

Historical (1978) and contemporary (2019) data on the distribution of mangrove alliances in Fiji. Lineage: Neil Sims digitised paper maps from A mangrove management plan for Fiji Phase 1 and Phase 2 (Watling 1985, 1987) describing mangrove distribution in 1978. Brent Murray (visiting post doc U Winnipeg) analysed the data using Sentinel satellite imagery and created new layers. Published in Murray, B.A., Sims, N. & Storie, J. Mapping mangrove alliances using historical data in Fiji. J Coast Conserv 26, 47 (2022). https://doi.org/10.1007/s11852-022-00887-y

The global single-auger grain cart market is experiencing robust growth, driven by increasing demand for efficient grain handling solutions in large-scale farming operations. The market's expansion is fueled by several factors, including the rising adoption of precision agriculture technologies, increasing farm sizes, and the need to minimize post-harvest losses. The preference for larger capacity carts (over 1000 bushels per minute) is a significant trend, reflecting the move towards higher efficiency and reduced downtime during harvest. Key applications like wheat, corn, and rice cultivation are major contributors to market demand, with the wheat segment likely holding the largest share due to its global prevalence. Geographic distribution shows strong demand in North America, particularly the United States and Canada, owing to the extensive agricultural landscape and advanced farming practices. Europe and Asia-Pacific regions also contribute significantly, with growth potential in emerging economies driven by increasing mechanization of agriculture. However, market restraints include the high initial investment cost of these carts and the cyclical nature of agricultural commodity prices, which can impact farmer investment decisions. The market segmentation by capacity (less than 500, 500-1000, and greater than 1000 bushels per minute) and application (wheat, oats, rice, corn, and others) provides a granular view of market dynamics, allowing for targeted product development and strategic market entry for manufacturers. Competition is moderately concentrated, with leading players like Unverferth Manufacturing, Demco Products, Kinze, Brent, J&M, and Parker dominating market share through innovation and established distribution networks. Future growth is expected to be driven by technological advancements, including automation and GPS integration, to further enhance operational efficiency and reduce labor costs. Assuming a 2025 market size of $1.5 billion (a reasonable estimate given the scale of agricultural machinery markets), and a CAGR of 5% (a conservative estimate reflecting market maturity and economic cycles), the market is projected to expand significantly by 2033. The ongoing trend towards larger farms and increased mechanization will continue to propel this growth. Innovation in cart design and integration with other farm machinery will further drive market expansion. The different application segments will likely exhibit varied growth rates, reflecting crop production patterns and regional differences in farming practices. Regional markets will also show different growth trajectories; established markets in North America and Europe are likely to see steady growth, while emerging markets in Asia and South America offer high potential for future expansion. The competitive landscape will remain dynamic, with existing players focusing on innovation and new market entrants seeking to carve out a niche.

On April 20th, 2020, the price of West Texas Intermediate crude oil slumped into negative for the first time in history, falling to negative 37.63 U.S. dollars per barrel. The ongoing coronavirus pandemic has had a catastrophic impact on the global oil and gas industry. Declining consumer demand and high levels of production output are threatening to exceed oil storage capacities, which resulted in the lowest ever oil prices noted between April 20th and April 22nd.

For further information about the coronavirus (COVID-19) pandemic, please visit our dedicated Fact and Figures page.

This is a georeferenced raster image of a printed paper map of the Brent, Ontario / Quebec region (Sheet No. 031L01), published in 1983. It is the fourth edition in a series of maps, which show both natural and man-made features such as relief, spot heights, administrative boundaries, secondary and side roads, railways, trails, wooded areas, waterways including lakes, rivers, streams and rapids, bridges, buildings, mills, power lines, terrain, and land formations. This map was published in 1983 and the information on the map is current as of 1982. Maps were produced by Natural Resources Canada (NRCan) and it's preceding agencies, in partnership with other government agencies. Please note: image / survey capture dates can span several years, and some details may have been updated later than others. Please consult individual map sheets for detailed production information, which can be found in the bottom left hand corner. Original maps were digitally scanned by McGill Libraries in partnership with Canadiana.org, and georeferencing for the maps was provided by the University of Toronto Libraries and Eastview Corporation.

In May 2025, the average monthly price of the Urals crude oil, Russia's major export oil brand, was approximately ***** U.S. dollars per barrel, having decreased from the previous month. In 2020, the price of the Urals experienced a considerable decrease at the beginning of the year due to the coronavirus (COVID-19) pandemic, dropping to as low as **** U.S. dollars per barrel in April. What is the purpose of the Russian oil price cap? In early December 2022, the G7 (Canada, France, Germany, Italy, Japan, United Kingdom (UK), and the United States), the European Union (EU), and Australia formed the Price Cap Coalition and imposed a price cap of 60 U.S. dollars per barrel on oil originating in Russia. The aim of the price ceiling is to decrease Russia’s earnings from oil exports and thereby limit the Russian government’s budget to finance the war in Ukraine. At the same time, the cap is meant to ensure that Russia continues to supply oil to emerging economies, though at a discounted price. With the cap in place, Russia cannot sell oil at a higher price even to third countries if the oil tankers are financed or insured by members of the Price Cap Coalition. In early February 2023, a price cap of 100 U.S. dollars per barrel was imposed on Russian refined oil products. Global dependence on Russian oil China was Russia’s leading crude oil export destination, with the value of exports measured at nearly **** billion U.S. dollars in 2021. In physical terms, Russia supplied around *** million metric tons of crude oil to China in 2024, being the leading crude oil import origin in the country ahead of Saudi Arabia. Furthermore, European countries were major consumers of Russian oil prior to the war in Ukraine. For instance, Russia accounted for over ** percent of oil and petroleum products imported into Slovakia in 2020. To compare, the dependence rate stood at nearly ** percent in Lithuania, ** percent in Germany, and ** percent in the UK.