Brent Crude Spot Price

Brent Crude is a major benchmark commodity used to price two-thirds of the world's crude oil supplies. It is extracted from the North Sea and consists of a blend of crude oil grades from several oil fields. Brent Crude is known for its high quality, low sulphur content, and ease of refining into gasoline and diesel fuel. As a key indicator of global oil prices, it is traded on futures markets and influences fuel prices worldwide. Major producers include the United Kingdom, Norway, and other North Sea countries.