Brent Crude is the international benchmark for oil pricing, reflecting the cost of light sweet crude oil extracted primarily from the North Sea. It is used to price the majority of the world's internationally traded crude oil and serves as a key reference for energy markets globally. Prices are driven by OPEC+ production decisions, global economic growth and demand expectations, geopolitical developments in major producing regions, and inventory levels reported by agencies such as the IEA and EIA. The quoted price is in US dollars per barrel.
السياق السوقي
Brent crude is trading at $102.85 per barrel, slipping 1.37% today after a modest weekly gain of 0.54% and a monthly rise of 1.57%. The market remains significantly elevated versus prior-year levels, with a year-to-date gain of 68.19% and a year-over-year increase of 57.62%.