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Brent Crude

BRN · Energy · ICE · Quoted in USD/bbl
78.40 USD/bbl
+0.18 (+0.23%) today
· CI Indication

Origin markets

Origin spread 12.40 /bbl

Benchmark: Dated Brent, North Sea loading. The same tonne prices differently by origin — freight, quality, sanctions and policy set the differential.

OriginBasisPricevs benchmarkMarket note
🇬🇧
North Sea
UK/Norway · global benchmark
Dated Brent78.40BenchmarkThe reference two-thirds of world crude prices against
🇷🇺
Urals
Russia · price-capped
FOB Primorsk66.90
-11.50 (-14.7%)stable
Sanctions discount — shadow-fleet freight and cap compliance
🇺🇸
WTI Midland
USA · in the Brent basket
FOB Corpus Christi75.80
-2.600 (-3.3%)stable
US barrels deliverable into Dated — arb anchors the spread
🇦🇪
Dubai
UAE/Oman · Asia benchmark
Dubai swaps77.00
-1.400 (-1.8%)stable
East-of-Suez sour reference; Brent-Dubai EFS gauges the arb
🇳🇬
Bonny Light
Nigeria · sweet grade
FOB Bonny79.30
+0.900 (+1.1%)stable
Gasoline-rich light sweet — premium when European refiners run hard

Differentials are indicative desk assessments over the live benchmark — 90-day spread trend shown per origin.

Track physical flows on the live vessel map →
Open
78.22
Day High
79.13
Day Low
78.05
Prev Close
78.22
1W
-1.51%
1M
+1.29%
1Y
-9.80%
5Y
+16.15%
Exchange
ICE

6-month range

Annualised volatility 12%
Low 59.78Now 78.40 · 33%High 116.67

Forward curve

Indicative term structure · Backwardation

Spot
78.40
USD/bbl
3M
77.68
-0.92%
6M
77.14
-1.61%
12M
76.48
-2.45%
18M
75.26
-4.01%
24M
74.52
-4.95%

In other units

Converted from 78.40 USD/bbl · indicative FX

EUR/bbl
72.13
CNY/bbl
568.40

About Brent Crude

Brent Crude is traded in the energy segment, with price discovery referenced against ICE. The chart above shows the trailing 6-month indicative price path. Physical parcels of Brent Crude can be sourced or placed through the Off Market desk, listed openly on the Marketplace, or intermediated by a specialist broker.

EnergyICEUSD/bbl+0.23% today
Top producers
1. Saudi Arabia2. Russia3. USA4. Iraq
Principal uses
  • Refining to fuels
  • Petrochemicals
  • Global oil benchmark