Brent fell to 63.05 USD/Bbl on December 2, 2025, down 0.19% from the previous day. Over the past month, Brent's price has fallen 2.84%, and is down 14.36% 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 December of 2025.

In August 2025, the average price of one barrel of Brent crude oil was 67.87 U.S. dollars. This was a decrease from the previous month and 12 U.S. dollars below July 2024 prices. 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.

Graph and download economic data for Crude Oil Prices: Brent - Europe (DCOILBRENTEU) from 1987-05-20 to 2025-11-03 about crude, oil, Europe, commodities, and price.

As of August 2025, the average annual price of Brent crude oil stood at 71.3 U.S. dollars per barrel. This is over nine 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 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.

View market daily updates and historical trends for Brent Crude Oil Spot Price. Source: Energy Information Administration. Track economic data with YChart…

Brent Crude Oil Futures data, recent 36 years (traceable to Jan 02,1990), the unit is USD/bbl, latest value is 63.7, updated at Nov 07,2025

The price of Brent crude oil is one of the key indicators used to monitor the global oil market. Brent crude oil is a major benchmark for pricing oil worldwide, with its contracts traded on various exchanges such as the Intercontinental Exchange (ICE). The price of Brent crude oil represents the cost of a barrel of oil produced from the North Sea region, specifically from four different oilfields: Brent, Forties, Oseberg, and Ekofisk. The volatility of Brent crude oil prices is influenced by various factors

Daily sample data for ICE Brent Crude Minute Marker BRNMD timestamped in Chicago time

Brent Crude Oil Futures is a benchmark for worldwide oil prices and represents the price of oil as traded on the Intercontinental Exchange (ICE) in London. Find out more about the ticker symbol, expiry dates, and how traders use them to track specific contracts in the futures market.

ICE Singapore Crude Oil Futures data, recent 8 years (traceable to Mar 26,2018), the unit is CNY/bbl, latest value is 446.1, updated at Nov 28,2025

Tick (trades only) sample data for ICE Brent Crude Minute Marker BRNMD timestamped in Chicago time

The file "fuels.txt" includes daily data for Brent futures (BrentF) and spot (BrentS) prices obtained from nasdaq.com database and three NASDAQ indices: 1) NASDAQ OMX Bio/Clean Fuels Index (GRNBIO). Source: {https://indexes.nasdaqomx.com/Index/Overview/GRNBIO} 2) NASDAQ OMX Fuel Cell Index (GRNFUEL). Source:{https://indexes.nasdaqomx.com/Index/Overview/GRNFUEL} 3) NASDAQ OMX Transportation Index (GRNTRN). Source: {https://indexes.nasdaqomx.com/Index/Overview/GRNTRN} The file "fundamentals.txt" includes monthly data for the following variables: 1) WIP: world industrial production index collected from:{https://sites.google.com/site/cjsbaumeister/datasets?authuser=0} 2) COMM: real commodity price factor - obtained from {https://sites.google.com/site/cjsbaumeister/datasets?authuser=0}; 3) GECON: global economic condition indicator (standardised) - obtained from {https://sites.google.com/site/cjsbaumeister/datasets?authuser=0}; 4) S.SH: oil supply shock - obtained from {https://sites.google.com/site/cjsbaumeister/datasets?authuser=0}; 5) OCDSH: oil consumption demand - obtained from {https://sites.google.com/site/cjsbaumeister/datasets?authuser=0}; 6) OIDSH: oil inventory demand- obtained from {https://sites.google.com/site/cjsbaumeister/datasets?authuser=0}; 7) EASH: oil demand shocks driven by global economic activity - obtained from {https://sites.google.com/site/cjsbaumeister/datasets?authuser=0}; 8) GEPU: global economic policy uncertainty index - , a normalised index of the volume of news articles discussing economic policy uncertainty; due to the nonstationarity of the data, obtained from: {https://www.policyuncertainty.com/global_monthly.html} 9) EXPT: Brent spot prices expectations formulated by the U.S. Energy Information Association; 10) SPX - end-of-month data of S&P500 11) SPECUL1: Net position of Money Managers (long-short) for Brent contract - based on the ICE Futures Europe Commitments of Traders Reports ({www.ice.com/marketdata/reports/122}); 12) SPECUL2: Speculation measure analogous to Working's (1960) index, which measures the speculative activity of non-commercial traders in the crude oil market.

Speculators have driven WTI crude futures to their most bearish position in 16 years, with net shorts hitting record levels. Brent crude also faces selling pressure, signaling weakening energy market sentiment.

ICE Brent futures close above $66 as US-China trade optimism lifts markets, with easing supply concerns and ongoing geopolitical tensions influencing prices.

Crude Brent oil is a major global benchmark for pricing oil, serving as a reference point for crude oil from Europe, Africa, and the Middle East. This article discusses the characteristics of Brent oil, its trading on the Intercontinental Exchange (ICE), factors influencing its price, and its significance as a benchmark in the energy industry.

Crude oil trading price refers to the value at which crude oil is bought and sold in financial markets. Factors affecting crude oil prices include supply and demand, OPEC policies, geopolitical events, economic indicators, and market speculation. Crude oil is primarily traded on the NYMEX and ICE exchanges. Changes in crude oil prices impact consumers, producers, investors, and the global economy. Understanding these factors is crucial for analyzing and predicting crude oil price movements.

Learn about crude oil futures contracts and how they are traded on commodities exchanges like NYMEX and ICE. Discover the specifications of popular contracts like WTI, Brent, and Dubai, and understand the factors that influence their prices. Find out how traders and investors use analysis and market news to make informed decisions. But remember, trading crude oil futures contracts comes with risks.

* After publication, the authors noted the Y-axis for Figure 4 had the incorrect units. Therefore, a new version includes the corrected Y-axis labels from cm2 kg-1 to m2 g-1, and the updated Figure 4 is attached in the repository.

Wavelength-dependent mass absorption coefficient, and albedo data from Redmond Roche and King (2022).

The oil droplets in this study are considered to have a log-normal size distribution that is representative of weathered oil according to experimental measurements by Otremba (2007). The log-normal distribution is centred on a droplet radius size of 0.05 µm and spans a range of 0.05–5 µm, in line with Haule and Freda (2016).

Haule, K. and Freda, W.: The effect of dispersed Petrobaltic oil droplet size
on photosynthetically active radiation in marine environment, 23, 6506–6516, https://doi.org/ 10.1007/s11356-015-5886-4, 2016.

Otremba, Z.: Oil droplets as light absorbents in seawater, J. Opt. Soc. Am., 15, 8592–8597, https://doi.org/10.1364/OE.15.008592, 2007.

The CL symbol represents the US Crude Oil futures contract, which is traded on NYMEX and ICE. Learn about its importance, trading specifications, and how investors monitor its price.

The global aftermarket for engine oil in passenger cars is a substantial and dynamic market, projected to experience significant growth over the forecast period (2025-2033). While precise market size figures for 2025 are unavailable, industry analysis suggests a value exceeding $20 billion, considering the substantial existing market and consistent growth in the automotive sector. A Compound Annual Growth Rate (CAGR) of approximately 5-7% is expected, driven by several key factors. Increasing vehicle ownership globally, particularly in developing economies, fuels demand for engine oil replacements and maintenance. The rising popularity of older vehicles, requiring more frequent oil changes, further contributes to market expansion. Technological advancements in engine oil formulations, such as improved viscosity and enhanced performance additives, cater to modern engine requirements and stimulate market growth. Finally, increasing awareness regarding the importance of regular engine oil maintenance for vehicle longevity also boosts demand. However, market growth is not without its challenges. Fluctuations in crude oil prices directly impact the cost of production and influence market pricing, creating volatility. The increasing adoption of electric vehicles (EVs) represents a potential long-term restraint, as EVs require significantly less frequent oil changes compared to Internal Combustion Engine (ICE) vehicles. Nevertheless, the continued dominance of ICE vehicles in the foreseeable future, along with the substantial existing vehicle fleet globally, mitigates this risk significantly. Key players like Shell, ExxonMobil, Castrol, and others are focusing on innovative product development and strategic partnerships to maintain market leadership and capitalize on the growth opportunities. Regional variations in market growth are expected, with regions like Asia-Pacific exhibiting faster growth due to the expanding automotive market and rising disposable incomes.