How much does a litre of petrol cost in London?

The cost of living crisis is hitting new heights with fuel prices reportedly soaring to an astonishing £2.38 a litre in some parts of London. The UK’s current average price of petrol is now £1.82 per litre, with the cost of filling up an average family car hitting £100.

What factors affect the price of Brent Oil?

The chart of Brent oil is influenced by a variety of factors, including global demand, geopolitical tensions, supply disruptions, and weather patterns. Economic conditions, such as inflation and interest rates, also play a pivotal role in determining the price.

How is Brent oil traded?

It is traded electronically via the ICE futures exchange although many in Europe now opt to spread betting or CFDs for trading the front month contracts. Learn more about CFDs.. Brent oil is a highly coveted commodity that serves as a benchmark for global oil prices and holds the potential to significantly impact global economic conditions.