Energy · BRENTOIL-SPOT

Brent oil price

US$101.21 / barrel
≈ €86.08 ≈ £75.43 Unchanged 24h 74% within the 52-week range
FX Editorial Team · Data updated: · Editorially verified
Brent oil (BRENTOIL-SPOT) price today US$101.21 / barrel, ↑ +0.00% (24h)

Brent oil chart

Interactive chart and 30-day overview

7 days
▼ −5.09%
−US$5.43
30 days
▲ +5.58%
+US$5.35
1 year
▲ +56.24%
+US$36.43
52-week range
US$58.59 74% US$116.20
Brent oil (BRENTOIL-SPOT) 30-day price chart — USD, EUR, GBP

The Brent oil chart shows how the brent oil price has moved over time. The interactive view lets you switch the timeframe (from 7 days up to MAX), the currency (USD / EUR / GBP) and overlay moving averages. Click any two points to measure the percentage change between those dates.

What drives the Brent oil price?

The Brent price reflects the balance between global oil demand and supply. World oil consumption is roughly 100 million barrels per day (mbpd). About 60% is used in transport (road, aviation and shipping), with the rest going into petrochemicals (plastics and fertilisers), heating and thermal power generation. Supply is split into two large blocs. OPEC+ (OPEC members plus Russia, Mexico and other allies) accounts for about 40% of global supply and manages the market through production quotas — cuts tend to support prices, while higher output tends to weigh on them. The other bloc is non-OPEC supply, including US shale oil, which tends to become economic around USD 50–60 a barrel and can respond flexibly to price levels.

A geopolitical premium is also priced in. Brent is sensitive to events that affect the security of maritime shipping routes. Around 17–20 million barrels a day pass through the Strait of Hormuz, while Bab-el-Mandeb and the Suez Canal are also critical chokepoints. Western sanctions on Russia, restrictions on Iranian exports, Middle East conflicts and sanctions on Venezuela can all move marginal supply. Brent usually trades at a USD 2–5 premium to WTI because seaborne delivery gives it access to a broader market, while WTI is tied to inland US pipeline logistics.

The third macro factor is the strength of the dollar and inventory levels. Brent is priced in dollars, so a stronger dollar makes oil imports more expensive for non-dollar economies, which can curb demand and pressure prices. EIA weekly inventory data on US crude and product stocks, as well as strategic petroleum reserves (SPR) in OECD countries, also move short-term prices. A larger-than-expected inventory build tends to push prices lower; a larger-than-expected draw tends to support them.

How to invest in Brent oil

European retail investors can get Brent exposure in several ways. The most common is a Brent CFD — direct price speculation with leverage, a high-risk product mainly used for shorter-term positions. For longer horizons, oil ETFs and ETCs are available: European Brent ETCs such as WisdomTree Brent Crude Oil (BRNT) provide Brent exposure through futures contracts, but their returns can differ from the spot price because of the shape of the forward curve (contango or backwardation). A third route is through oil-company shares — Shell, BP, ExxonMobil, Chevron and TotalEnergies. These companies may pay dividends and reflect the economics of the whole value chain, including production, refining and retail, not only the crude price.

30-day price history

Chart and daily closing prices

Brent oil (BRENTOIL-SPOT) 30-day price chart — USD, EUR, GBP

Daily close

30 trading days

Date Price (USD) Price (EUR) Price (GBP) Daily change
23 May 2026 US$101.21 €86.08 £75.43 ▲ +0.11%
22 May 2026 US$101.10 €85.98 £75.35 ▼ −3.02%
21 May 2026 US$104.25 €88.66 £77.70 ▲ +1.48%
20 May 2026 US$102.73 €87.37 £76.56 ▼ −4.56%
19 May 2026 US$107.64 €91.54 £80.22 ▼ −0.19%
18 May 2026 US$107.84 €91.71 £80.37 ▲ +1.13%
16 May 2026 US$106.64 €90.69 £79.48 ▼ −0.02%
15 May 2026 US$106.66 €90.71 £79.49 ▲ +3.89%
14 May 2026 US$102.67 €87.32 £76.52 ▼ −1.94%
13 May 2026 US$104.70 €89.04 £78.03 ▼ −0.98%
12 May 2026 US$105.74 €89.93 £78.81 ▲ +3.24%
11 May 2026 US$102.42 €87.11 £76.33 ▲ +3.06%
10 May 2026 US$99.38 €84.52 £74.07 ▼ −1.71%
6 May 2026 US$101.11 €85.99 £75.36 ▼ −7.46%
5 May 2026 US$109.26 €92.92 £81.43 ▼ −3.12%
4 May 2026 US$112.78 €95.92 £84.05 ▲ +4.18%
2 May 2026 US$108.25 €92.06 £80.68 ▲ +1.00%
1 May 2026 US$107.18 €91.15 £79.88 ▼ −1.84%
30 Apr 2026 US$109.19 €92.86 £81.38 ▲ +5.11%
29 Apr 2026 US$103.88 €88.35 £77.42 ▲ +1.26%
28 Apr 2026 US$102.59 €87.25 £76.46 ▲ +0.89%
27 Apr 2026 US$101.69 €86.48 £75.79 ▲ +0.98%
25 Apr 2026 US$100.70 €85.64 £75.05 ▲ +5.05%
22 Apr 2026 US$95.86 €81.53 £71.44 ▲ +4.48%
21 Apr 2026 US$91.75 €78.03 £68.38 ▲ +0.02%
20 Apr 2026 US$91.73 €78.01 £68.37 —

Brent oil FAQ

How much does one litre of Brent crude cost? +
Crude oil is priced on the world market by the barrel (1 Bbl = 158.987 litres). For example, at USD 104 a barrel, the wholesale price of one litre of Brent crude is about USD 0.65. This should not be confused with the fuel price at the pump. Petrol and diesel prices are much higher because of refining margins, logistics and taxes. Tax treatment varies by jurisdiction; consult a local tax adviser.
How much is one tonne of Brent oil worth? +
For Brent, a light sweet crude, the conversion ratio is roughly 0.137 tonnes per barrel (that is, 1 tonne ≈ 7.3 barrels). For example, at USD 104 a barrel, one tonne of Brent crude is worth about USD 759. The tonne is used mainly in Russia and the post-Soviet region. Western global market trading is priced almost exclusively in barrels.
What is the difference between Brent and WTI? +
They are two different benchmarks from two geographic regions. Brent is the North Sea (BFOET) basket, shipped by sea and globally accessible. About two-thirds of the world’s traded oil is priced against Brent. WTI (West Texas Intermediate) is the US inland benchmark, tied to pipeline logistics, with delivery at Cushing, Oklahoma. Brent usually trades at a USD 2–5 premium to WTI, but the spread varies with logistics bottlenecks and regional supply conditions.
Why is oil measured in barrels rather than litres or tonnes? +
The barrel (Bbl) became standard in the mid-19th century during the Pennsylvania oil rush. Producers filled used 42-US-gallon (~158.987-litre) whisky and food barrels with crude oil for transport. The unit has remained the standard for global oil trading. ICE and NYMEX futures contracts quote Brent and WTI in 1,000-barrel units. Physical barrels are no longer moved — oil is transported by tanker and pipeline — but pricing has retained the historical unit.
What is OPEC+ and why does it matter? +
OPEC+ is an alliance of the 12 OPEC member states, led by Saudi Arabia, and 10 non-OPEC oil producers, including Russia, Mexico, Kazakhstan and others. Together they account for about 40% of global crude supply. The group decides production quotas for member countries at monthly ministerial meetings. Supply restraint can support prices, while looser quotas can reduce them. OPEC+ decisions are an important factor in short-term Brent pricing, and OPEC’s Monthly Oil Market Report (MOMR) is a major reference for market analysts.
How can I buy Brent oil for investment purposes? +
Holding physical crude oil is not practical for private investors because storage costs and logistics requirements are prohibitive. There are three main financial routes: Brent CFDs for direct price speculation (leveraged and risky), oil ETCs such as WisdomTree Brent Crude (BRNT), which provide exposure through futures contracts and can perform differently from the spot price because of the forward curve, and oil-company shares such as Shell, BP, ExxonMobil and Chevron. Integrated oil companies may pay dividends and earn across the full value chain.
What do contango and backwardation mean? +
They describe two states of the oil futures market. Contango means longer-dated futures prices are higher than the spot price. The market may be pricing in ample supply or storage costs. In this environment, oil ETCs can suffer losses when rolling contracts, and long-term returns can lag the spot price. Backwardation means longer-dated prices are lower than the spot price. Immediate supply is tighter, and rolling contracts can make a positive contribution. The market state depends on supply conditions and storage capacity utilisation.
What is the EIA inventory report? +
The EIA (US Energy Information Administration) publishes the Weekly Petroleum Status Report every Wednesday, showing weekly changes in US crude and product inventories. It is one of the most closely watched data releases in the oil market. A larger-than-expected stock build usually weighs on Brent and WTI prices, while a larger-than-expected draw usually supports them. The API (American Petroleum Institute) publishes a similar report the previous evening, which markets use as a signal for the official EIA data.
Data sources: EIA — US Energy Information Administration · OPEC — Monthly Oil Market Report (MOMR) · ICE Futures Europe — Brent Crude Futures · IEA — International Energy Agency Oil Market Report