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 is Brent crude oil used for?

Brent crude oil blends Ekofisk, Brent, Oseberg, and forties. It mostly gets used for producing different petroleum products, gasoline, diesel fuel, asphalt, jet fuel, and heating oil. 2. Why is Brent crude important for the global economy?

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.

How does Brent crude affect the global economy?

Brent crude plays a vital role in the global economy as it is used as a benchmark for oil prices, which affects the cost of transportation, manufacturing, and energy production. Changes in Brent crude prices can have significant implications for businesses, governments, and consumers worldwide.