Does trading economics verify data on Brent crude oil?

Trading Economics does not verify any data and disclaims any obligation to do so. Brent increased 4.83 USD/BBL or 6.27% since the beginning of 2024, according to trading on a contract for difference (CFD) that tracks the benchmark market for this commodity. Brent crude oil - values, historical data, forecasts and news - updated on February of 2024.

Are Brent prices based on over-the-counter (OTC) & contract for Difference (CfD)?

The Brent prices displayed in Trading Economics are based on over-the-counter (OTC) and contract for difference (CFD) financial instruments. Our market prices are intended to provide you with a reference only, rather than as a basis for making trading decisions. Trading Economics does not verify any data and disclaims any obligation to do so.

Is strong euro area GDP growth bullish for Brent Oil?

Strong Euro Area GDP Growth is bullish for Brent oil as demand for oil grows together with the economy. Weaker EUR/USD is bearish for Brent oil as Brent oil is quoted in U.S. dollars Don't miss a thing! Discover what's moving the markets. Sign up for a daily update delivered to your inbox

Why did Brent prices rise 3%?

On Thursday, Brent prices jumped more than 3% as Israeli Prime Minister Benjamin Netanyahu rejected a ceasefire proposal by Hamas, with Israeli forces turning the focus of their offensive to the southern border city of Rafah.