Brent Oil (Non Expiry)

Brent Oil or Brent Crude Oil is a traded commodity which is refined to create a wide range of usable products. Brent Oil is extracted from the North Sea in the Atlantic Ocean. Brent Oil is described as being light and ‘sweet’, due to its low density and low sulphur content. Although US-produced West Texas Intermediate (WTI) is lighter and sweeter, Brent Crude is the preferred oil for refining into diesel, gasoline and other end products. It first began trading in 1983 via open contracts. Like most commodities, the primary factor which affects the price of Brent Oil is supply and demand, which is driven by everything from gasoline for electrical generation, to cars and airline travel. Input costs for extracting and producing oil also play a part in the pricing, as do market sentiment and geopolitical tensions. While it is an extremely volatile market, Brent Oil remains a popular investment and is commonly used to help diversify a portfolio and lower overall risk. Brent Oil can be traded in various ways, including through CFDs, which track the price of Brent Oil as a spot. Used to price approximately two-thirds of the world's traded crude oil supplies, the price of Brent Oil is an important benchmark. Add EuroOil to your eToro watchlist to track movements in the Brent Oil price.