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Brent Crude

BRN · Energy · ICE · Quoted in USD/bbl
78.40 USD/bbl
+0.180 (+0.23%) today
· CI Indication

Origin markets

Origin spread 12.40 USD/bbl

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

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 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