Brent Crude Price

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Brent Crude

December 04, 2018
61.22
   1.05 Dollar per Barrel
 
 
 
Europe Brent Spot Price FOB;   Source: EIA
Crude Oil Prices

Brent Crude

61.22
 
1.05
December 04, 2018

WTI Crude

53.21
 
0.23
December 04, 2018
 
 

OPEC Basket

58.79
 
1.29
December 06, 2018

Indian Basket

77.88
 
5.35
Sep 2018
Source: EIA, OPEC, PPAC

Chart of Brent Crude Prices - Daily/ Weekly/ Monthly/ Yearly

Source: The U. S. Energy Information Administration

Brent Crude Prices

Brent Crude price on December 04, 2018 stood at 61.22 Dollar per Barrel. This represents an increase in the price of Brent Crude by 1.05 Dollar per Barrel from it's last day price of US$60.17/barrel on Dec 03, 2018.

In the 52 week period, the price of Brent Crude touched a high of 86.07 Dollar per Barrel on Oct 04, 2018 and recorded a low of 57.69 Dollar per Barrel on Nov 23, 2018.

Meanwhile, WTI Crude was trading at 53.21 Dollar per Barrel on Dec 04, 2018 and OPEC Basket Price was 58.79 Dollar per Barrel on Dec 06, 2018. The average price of Indian Basket crude oil as reported by PPAC was 77.88 Dollar per Barrel on September 2018.

Brent Crude Price Comparision

Price Week
ago
Month
ago
1 Year
ago
5 Years
ago
10 Years
ago
61.22
4 Dec 2018
59.58
27 Nov 2018
71.11
2 Nov 2018
63.45
4 Dec 2017
113.27
4 Dec 2013
43.83
4 Dec 2008
Dollar per Barrel

Brent Crude Daily Price Trend

Brent Crude
DATE PRICE CHANGE % CHANGE
Dec 04, 2018 61.22 +1.05   1.75%
Dec 03, 2018 60.17 +2.46   4.26%
Nov 30, 2018 57.71 -0.58   1.00%
Nov 29, 2018 58.29 +0.32   0.55%
Nov 28, 2018 57.97 -1.61   2.70%
Nov 27, 2018 59.58 -0.12   0.20%
Nov 26, 2018 59.70 +2.01   3.48%
  Dollar per Barrel Source: EIA

Brent Crude Monthly Average Price Trend

Brent Crude Monthly Average Price Trend Chart

Brent Crude Yearly Average Price Trend

Brent Crude Yearly Average Price Trend

Brent Crude

Brent Crude oil is a major trading classification of sweet light crude oil and is the primary benchmark for international oil price. Brent is produced in the North Sea and is used as a reference price for roughly two-thirds of the global physical trade in oil. Dated Brent, also referred to as the 'spot price' for Brent is the most commonly used reference price for the physical sale of oil by tankers.

As per the price reporting agency of Brent benchmark, Platts - 'Dated Brent' is a benchmark assessment of the price of physical, light North Sea crude oil. The term "Dated Brent" refers to physical cargoes of crude oil in the North Sea that have been assigned specific delivery dates.

As per Report by S&P Platts, there is no bigger commodity benchmark assessed by a price reporting agency than S&P Global Platts Dated Brent. Renowned for over 30 years as the world’s premier crude oil benchmark, it has set the standard for transparency, liquidity, and an unerring ability to adapt to the changing physical and financial parameters in which it exists. Over the years, Platts has guided the Dated Brent benchmark through the choppy waters of the North Sea and beyond, ensuring its fitness as a price reference for an estimated 60% of the world’s near 100 million barrels a day of crude oil trade.

There has been a continuous decline in the supply of crude oil from North Sea fields. This has led to fewer transactions of dated brent which in turn led to concern about the reliability of the benchmark as it was vulnerable to manipulation.

Platts in 2002 included transactions involving two additional grades of crude oil, Forties from the United Kingdom and Oseberg from Norway, in its price assessment for North Sea oil. In 2007, Platts added the Norwegian crude oil grade Ekofisk.

And from Jan 1, 2018 Norway’s Troll was added to the basket of four British and Norwegian crude grades which is used to assess dated Brent. This joined Brent, Forties, Oseberg and Ekofisk, or BFOE as they are known.

Crude API° Sulphur (%wt)
Brent 37.5 0.40
Forties Blend 38.9 0.78
Oseberg Blend 39.6 0.20
Ekofisk 39.9 0.17
Ekofisk 39.9 0.17
Norway’s Troll 35.9 0.19

Source: BP, ExxonMobil, S&P Global Platts


Volatility in Brent Crude Prices

  Last 30 Days Last 6 Mths Last 1 Year
Min 57.69 57.69 57.69
Max 72.68 86.07 86.07
Average 63.80 74.09 71.70
Volatility    7.30%    8.45%    8.49%
(Dollar per Barrel)

  • A century ago, petroleum - what we call oil - was just an obscure commodity; today it is almost as vital to human existence as water.

  • ~ James Buchan


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Brent Crude
Historical Price

Select Date

Brent Crude
(Dollar per Barrel)

DATE PRICE   CHANGE
Dec 04, 2018     61.22        1.05
Dec 03, 2018     60.17        2.46
Nov 30, 2018     57.71        0.58
Nov 29, 2018     58.29        0.32
Nov 28, 2018     57.97        1.61
Nov 27, 2018     59.58        0.12
Nov 26, 2018     59.70        2.01
Nov 23, 2018     57.69        3.42
Nov 22, 2018     61.11        0.54
Nov 21, 2018     61.65        0.15
Nov 20, 2018     61.50        2.64
Nov 19, 2018     64.14        1.15
Nov 16, 2018     65.29        0.32
Nov 15, 2018     65.61        0.73
Nov 14, 2018     64.88        0.57
Nov 13, 2018     65.45        4.36
Nov 12, 2018     69.81        0.80
Nov 09, 2018     69.01        0.28
Nov 08, 2018     69.29        0.81
Nov 07, 2018     70.10        0.54
Nov 06, 2018     70.64        2.04
Nov 05, 2018     72.68        1.57
Nov 02, 2018     71.11        0.14
Nov 01, 2018     71.25        3.59
Oct 31, 2018     74.84        0.84
Oct 30, 2018     75.68        1.88
Oct 29, 2018     77.56        0.16
Oct 26, 2018     77.40        0.10
Oct 25, 2018     77.30        0.04
Oct 24, 2018     77.34        1.33