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It has become an industry standard due to its unique properties: its low density and low sulphur content makes Brent crude oil simpler to process into products such as gasoline. About two-thirds of all internationally traded crude oil supplies are priced relative to Brent, making it the most widely used marker of all.Īccording to the historical Brent crude oil price chart, the commodity reached a record low of $2.23 in May 1970 and a record high of $147.02 in July 2008.Īlways stay on top of the current price of Brent crude oil with .īrent crude is a light, low-sulphur oil that is extracted from 15 different oil fields in the North Sea and consists of Brent Blend, Forties Blend, Ekofisk and Oseberg crudes. For these reasons, it can have a premium price.īrent crude is a benchmark that defines oil prices around the world. As its supply is water-borne, Brent crude oil is easy to transport to distant locations. Being a light sweet oil, it is considered more desirable than heavy sour crude as it is ideal for the refining of gasoline, diesel fuel and other high-demand products. US30 US Wall Street 30 (USA 30, Dow Jones)īrent Oil Stay on top of the latest Brent crude oil price with our comprehensive live chart.īrent crude oil is a valuable commodity.