What is the real-time price of crude oil?

Learn more... The real-time price of Brent crude oil is at $85.56 per barrel, and the price of WTI crude oil is at $82.06 per barrel. Oil prices are customarily quoted in dollars (USD) around the world, not only in the US or when referring to US crude oil.

What is the real-time price of Brent crude oil?

The real-time price of Brent crude oil is at $85.56 per barrel, and the price of WTI crude oil is at $82.06 per barrel. Oil prices are customarily quoted in dollars (USD) around the world, not only in the US or when referring to US crude oil. See the historical price charts and analysis below.

What does BBL mean in oil prices?

Oil prices are quoted per barrel, or ‘bbl’. The abbreviation indicates one barrel of crude oil, but you may see Gbbl (one billion barrels), as well as Mbbl (one million barrels) or Kbbl for one thousand barrels.

Why are oil prices heading higher this year?

Oil prices are headed higher later this year amid increasingly bullish fundamentals, even though the market is still very much focused on macroeconomic concerns. Supplies are tightening, thanks to the…