North Sea (UK/Norway) Light/Sweet Global ICE (Brent Futures); Platts Dated Brent

Brent Crude (UK)

Crude oil price, specifications and price history for Brent Crude from North Sea (UK/Norway).

Price · USD/bbl $71.99
▲ +0.12(+0.17%)
Updated
API gravity38.3°Light
Sulfur0.37%Sweet
Density0.835g/cm³
DeliveryHound Point/Sture

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Brent Crude was priced at $71.99 per barrel on July 06, 2026, up $+0.12 (+0.17%) from $71.87 in the previous session. Brent Crude is a Light, Sweet crude (38.3° API, 0.37% sulfur) delivered at Hound Point/Sture, and traded on ICE (Brent Futures); Platts Dated Brent as the main Global benchmark. Over the last 30 days it ranged between $71.57 and $94.34.

Price analysis

Brent Crude price analysis

Brent Crude high, low and range by period, USD per barrel
PeriodHighLowRange %Range · current $71.99
180 Days112.1071.5736.16%
365 Days112.1071.5736.16%

Bars span $71.57–$112.10, the full 365-day range.

Daily prices

Recent price history

Brent Crude last 5 daily prices, USD per barrel
DatePriceChangeChange %
95.200.000.00%
90.38-4.82-5.06%
105.33+14.95+16.54%
108.23+2.9+2.75%
111.26+3.03+2.8%
Full daily history since 2019 is available to subscribers. Subscribe now
Price history

Brent Crude price history chart

Daily assessed price in USD per barrel.

Brent Crude USD/bbl

Last price
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Period change
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Period high
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Period low
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Line chart of daily prices

Free view: last 30 price assessments. Subscribe for daily history back to 2019 and Excel export.

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DatePrice (USD/bbl)Change
Crude quality

Technical specifications

Classification, chemical properties and trading details for Brent Crude.

Basic classification

Grade name
Brent Crude
Classification
Light/Sweet
Region / field
North Sea (UK/Norway)

Chemical properties

API gravity
38.3 °API
Sulfur content
0.37%
Density
0.835 g/cm³
Pour point
-6 °C
Viscosity
3.9 cSt

Trading & logistics

Delivery basis
Hound Point/Sture
Major exchanges
ICE (Brent Futures); Platts Dated Brent
Export hub
Hound Point (UK), Sture (Norway)
Main destinations
Europe, Asia, Global
Benchmark type
Global

Typical refinery yields

  • Gasoline 46-50%
  • Diesel 26-30%
  • Jet fuel 10-12'%
  • Residual fuel 08-10'%

Key characteristics

Global benchmark, BFOET basket component, high-value light products

Typical use / refining notes

High yield of light products (gasoline, diesel)

FAQ

Brent Crude frequently asked questions

Quality, pricing and refining questions about Brent Crude.

Brent serves as the global benchmark due to its strategic North Sea location enabling efficient seaborne transportation worldwide, high liquidity in spot and futures markets, and quality consistency from the BFOET basket (Brent, Forties, Oseberg, Ekofisk, Troll). Its 38.2° API gravity and moderate sulfur content represent typical international crude characteristics, making it an ideal reference point for pricing approximately 60% of global crude trades.

The BFOET system allows five North Sea crude streams to be delivered against Brent futures contracts, ensuring adequate physical supply and preventing market manipulation. This diversification maintains liquidity even when individual field production declines. The system uses quality premiums/discounts relative to Dated Brent, creating a robust pricing mechanism that reflects real supply-demand fundamentals rather than artificial scarcity.
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