Brent Crude Price

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Brent Crude

October 15, 2019
59.19
   0.38 Dollar per Barrel
 
 
 
Europe Brent Spot Price FOB;   Source: EIA
Crude Oil Prices

Brent Crude

59.19
 
0.38
October 15, 2019

WTI Crude

52.81
 
0.76
October 15, 2019
 
 

OPEC Basket

59.54
 
0.26
October 17, 2019

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 October 15, 2019 stood at 59.19 Dollar per Barrel. This represents an increase in the price of Brent Crude by 0.38 Dollar per Barrel from it's last day price of US$58.81/barrel on Oct 14, 2019.

In the 52 week period, the price of Brent Crude touched a high of 80.53 Dollar per Barrel on Oct 16, 2018 and recorded a low of 50.57 Dollar per Barrel on Dec 28, 2018.

Meanwhile, WTI Crude was trading at 52.81 Dollar per Barrel on Oct 15, 2019 and OPEC Basket Price was 59.54 Dollar per Barrel on Oct 17, 2019. 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
59.19
15 Oct 2019
58.14
8 Oct 2019
61.25
13 Sep 2019
80.91
15 Oct 2018
84.02
15 Oct 2014
73.14
15 Oct 2009
Dollar per Barrel

Brent Crude Daily Price Trend

Brent Crude
DATE PRICE CHANGE % CHANGE
Oct 15, 2019 59.19 +0.38   0.65%
Oct 14, 2019 58.81 -1.78   2.94%
Oct 11, 2019 60.59 +1.51   2.56%
Oct 10, 2019 59.08 -0.62   1.04%
Oct 09, 2019 59.70 +1.56   2.68%
Oct 08, 2019 58.14 -1.32   2.22%
Oct 07, 2019 59.46 +0.33   0.56%
  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 57.92 55.03 50.57
Max 68.42 74.94 80.91
Average 61.57 64.36 64.61
Volatility    4.69%    7.52%    9.05%
(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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Historical Price of
 in

Select Date

Brent Crude
(Dollar per Barrel)

59.19

DATE PRICE   CHANGE
Oct 15, 2019     59.19        0.38
Oct 14, 2019     58.81        1.78
Oct 11, 2019     60.59        1.51
Oct 10, 2019     59.08        0.62
Oct 09, 2019     59.70        1.56
Oct 08, 2019     58.14        1.32
Oct 07, 2019     59.46        0.33
Oct 04, 2019     59.13        1.12
Oct 03, 2019     58.01        0.09
Oct 02, 2019     57.92        2.14
Oct 01, 2019     60.06        0.93
Sep 30, 2019     60.99        1.49
Sep 27, 2019     62.48        0.40
Sep 26, 2019     62.08        0.33
Sep 25, 2019     62.41        1.72
Sep 24, 2019     64.13        0.53
Sep 23, 2019     64.66        0.57
Sep 20, 2019     65.23        0.98
Sep 19, 2019     64.25        0.04
Sep 18, 2019     64.29        1.30
Sep 17, 2019     65.59        2.83
Sep 16, 2019     68.42        7.17
Sep 13, 2019     61.25        0.49
Sep 12, 2019     60.76        2.26
Sep 11, 2019     63.02        1.65
Sep 10, 2019     64.67        0.68
Sep 09, 2019     63.99        2.71
Sep 06, 2019     61.28        1.42
Sep 05, 2019     62.70        2.02
Sep 04, 2019     60.68        2.75