Brent Crude Price

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Brent Crude

July 20, 2020
43.30
   0.23 Dollar per Barrel
 
 
 
Europe Brent Spot Price FOB;   Source: EIA
Crude Oil Prices

Brent Crude

43.30
 
0.23
July 20, 2020

WTI Crude

40.83
 
0.28
July 20, 2020
 
 

OPEC Basket

44.24
 
0.05
July 22, 2020

Indian Basket

33.36
 
21.27
Mar 2020
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 July 20, 2020 stood at 43.30 Dollar per Barrel. This represents a decrease in the price of Brent Crude by 0.23 Dollar per Barrel from it's last day price of US$43.53/barrel on Jul 17, 2020.

In the 52 week period, the price of Brent Crude touched a high of 70.25 Dollar per Barrel on Jan 06, 2020 and recorded a low of 13.77 Dollar per Barrel on Apr 22, 2020.

Meanwhile, WTI Crude was trading at 40.83 Dollar per Barrel on Jul 20, 2020 and OPEC Basket Price was 44.24 Dollar per Barrel on Jul 22, 2020. The average price of Indian Basket crude oil as reported by PPAC was 33.36 Dollar per Barrel on March 2020.

Brent Crude Price Comparision

Price Week
ago
Month
ago
1 Year
ago
5 Years
ago
10 Years
ago
43.30
20 Jul 2020
42.85
13 Jul 2020
42.33
19 Jun 2020
61.04
19 Jul 2019
56.42
20 Jul 2015
76.31
20 Jul 2010
Dollar per Barrel

Brent Crude Daily Price Trend

Brent Crude
DATE PRICE CHANGE % CHANGE
Jul 20, 2020 43.30 -0.23   0.53%
Jul 17, 2020 43.53 -0.18   0.41%
Jul 16, 2020 43.71 -0.25   0.57%
Jul 15, 2020 43.96 +0.99   2.30%
Jul 14, 2020 42.97 +0.12   0.28%
Jul 13, 2020 42.85 -0.42   0.97%
Jul 10, 2020 43.27 +0.92   2.17%
  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 40.40 13.77 13.77
Max 43.96 62.11 70.25
Average 42.65 37.74 50.69
Volatility    2.25% 36.73% 31.48%
(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)

43.30

DATE PRICE   CHANGE
Jul 20, 2020     43.30        0.23
Jul 17, 2020     43.53        0.18
Jul 16, 2020     43.71        0.25
Jul 15, 2020     43.96        0.99
Jul 14, 2020     42.97        0.12
Jul 13, 2020     42.85        0.42
Jul 10, 2020     43.27        0.92
Jul 09, 2020     42.35        1.32
Jul 08, 2020     43.67        0.39
Jul 07, 2020     43.28        0.55
Jul 06, 2020     42.73        0.19
Jul 03, 2020     42.92        0.27
Jul 02, 2020     43.19        1.01
Jul 01, 2020     42.18        0.54
Jun 30, 2020     41.64        0.06
Jun 29, 2020     41.58        0.61
Jun 26, 2020     40.97        0.21
Jun 25, 2020     41.18        0.78
Jun 24, 2020     40.40        2.32
Jun 23, 2020     42.72        0.48
Jun 22, 2020     43.20        0.87
Jun 19, 2020     42.33        0.58
Jun 18, 2020     41.75        1.28
Jun 17, 2020     40.47        0.28
Jun 16, 2020     40.75        1.31
Jun 15, 2020     39.44        0.90
Jun 12, 2020     38.54        0.78
Jun 11, 2020     37.76        3.42
Jun 10, 2020     41.18        0.73
Jun 09, 2020     40.45        0.79