Brent crude oil price – live & in real time

Q: What is the Brent crude oil price today?

The current Brent crude oil price today is displayed in real time in the block at the top of this page. It is quoted in USD per barrel and updated continuously from global commodity markets.

Q: What is the difference between Brent and WTI crude oil?

Brent crude is the European benchmark, extracted from the North Sea and traded on the ICE in London. WTI (West Texas Intermediate) is the American benchmark, traded on the NYMEX in New York. A key practical difference: Brent is waterborne and globally exportable, while WTI is landlocked at Cushing, Oklahoma. Brent is typically priced slightly higher than WTI. Both benchmarks influence global fuel prices, but Brent is the reference for most of the world's crude contracts.

Q: Why does the oil price change every day?

The Brent crude price is driven by global supply and demand, production quota decisions by OPEC+ (which controls around 40% of world output), geopolitical tensions in key producing regions, weekly US crude inventory data from the EIA, and fluctuations in the US dollar exchange rate. Weather events and natural disasters affecting production infrastructure can also cause sharp short-term moves.

Q: How does the Brent oil price affect gasoline and diesel prices?

When Brent rises by $10 per barrel, retail fuel prices at the pump typically increase by 4 to 6 cents per litre after a lag of 2 to 6 weeks. The pass-through is never one-for-one because taxes, refinery margins, and distribution costs form a large fixed component of the final pump price.

Current Brent crude price today

74,12 USD/baril ( ↑ 1,98 % )

Last update : 26/06/2026 07:50

Why don't all fuels react the same way to oil price hikes?

Brent crude oil price history – last 15 days

Date	Price (USD)	Trend	Change
26/06/2026	74,120	↑	1,440 $
25/06/2026	72,680	↓	-3,800 $
24/06/2026	76,480	↓	-0,790 $
23/06/2026	77,270	↓	-1,780 $
22/06/2026	79,050	↓	-1,330 $
19/06/2026	80,380	↑	2,550 $
18/06/2026	77,830	↓	-0,730 $
17/06/2026	78,560	↓	-4,200 $
16/06/2026	82,760	↓	-0,810 $
15/06/2026	83,570	↓	-3,230 $
13/06/2026	86,800	↓	-1,530 $
12/06/2026	88,330	↓	-5,330 $
11/06/2026	93,660	↑	2,440 $
10/06/2026	91,220	↓	-1,900 $
09/06/2026	93,120		- $

What is Brent crude oil and why does it matter?

Brent crude oil is the world's leading oil price benchmark, setting the reference for over two-thirds of all internationally traded crude. Originally extracted from the Brent oilfield in the North Sea — now referring to the BFOE blend (Brent, Forties, Oseberg, Ekofisk, Troll) — it trades on the ICE Futures exchange in London as a light, sweet crude (API ~38°, sulphur <0.4%). Its price directly shapes fuel prices at the pump across Europe: gasoline, diesel, E10, and LPG. A $10 rise per barrel typically translates into a 4–6 cent increase per litre at the forecourt within a few weeks.

How much does 1 barrel of Brent crude oil cost?

One barrel of oil equals approximately 159 litres (exactly 158.99 L). Its price is quoted in US dollars (USD) and updated continuously on global commodity markets. To calculate the crude oil price per litre, divide the barrel price by 159. At $80/barrel, crude oil costs roughly $0.50/litre — before refining, transport, distribution, and taxes are added. Unlike WTI crude, which is landlocked at Cushing, Oklahoma, Brent is waterborne and immediately available for global export, which is why it — not WTI — sets the price for most of the world's oil supply.

Brent crude oil price chart – daily price movement

The chart above displays the Brent crude oil price trend over the last 15 trading days. You can track daily fluctuations and the overall direction of the market. The price curve reacts to geopolitical developments, OPEC+ production decisions, US crude inventory data (EIA weekly report), and shifts in global demand.

How does the Brent price affect fuel prices in Europe?

There is typically a 2 to 6 week lag between a move in the Brent crude price and a corresponding change at the pump. Refineries need time to process crude oil, and distributors must adjust retail prices accordingly. On top of that, excise duties and VAT account for a substantial share of the final pump price — usually over 50% in most European countries, which is why retail fuel prices don't mirror crude oil moves one-for-one. Check fuel prices across Europe for a country-by-country comparison.

Frequently asked questions about the Brent crude oil price

What is the Brent crude oil price today?

The current Brent crude oil price today is displayed in real time in the block at the top of this page. It is quoted in USD per barrel and updated continuously from global commodity markets.

What is the difference between Brent and WTI crude oil?

Brent crude is the European benchmark, extracted from the North Sea and traded on the ICE in London. WTI (West Texas Intermediate) is the American benchmark, traded on the NYMEX in New York. A key practical difference: Brent is waterborne and globally exportable, while WTI is landlocked at Cushing, Oklahoma. Brent is typically priced slightly higher than WTI. Both benchmarks influence global fuel prices, but Brent is the reference for most of the world's crude contracts.

Why does the oil price change every day?

The Brent crude price is driven by global supply and demand, production quota decisions by OPEC+ (which controls around 40% of world output), geopolitical tensions in key producing regions, weekly US crude inventory data from the EIA, and fluctuations in the US dollar exchange rate. Weather events and natural disasters affecting production infrastructure can also cause sharp short-term moves.

How does the Brent oil price affect gasoline and diesel prices?

When Brent rises by $10 per barrel, retail fuel prices at the pump typically increase by 4 to 6 cents per litre after a lag of 2 to 6 weeks. The pass-through is never one-for-one because taxes, refinery margins, and distribution costs form a large fixed component of the final pump price.