Brent Oil

CFD on the daily spot price of Brent crude oil (EB).

 SELL Open a SELL trade on  SELL Open a SELL trade on Of current open trades, % are BUY and % are SELL BUY  Open a BUY trade on BUY  Open a BUY trade on   The daily price change of
Product Type: Energy CFDMarket: ICE
Currency: USDMeasurement Unit: Barrel (42 US gallons)
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Description:

Brent crude oil (ticker symbol: EB) is the world’s largest crude oil contract and is considered by far the most common energy product in the online trading market. Quoted and traded in US dollars, in units of 1000 barrels (equivalent to 42,000 gallons), the Brent CFD is an exchange traded product that follows the benchmark assessment of the price of light North Sea crude oil. Since 2005, the Intercontinental Exchange (ICE), an electronically-run energy markets operator, is the official publisher of the EB’s price quotations. These are published on a monthly basis.

Interesting Facts:

  • Brent Crude oil (also often referred to as North Sea Brent Crude or London Brent) was discovered in the early 1960s. Its name comes from the naming policy of Shell UK Exploration and Production (the original contractor of ExxonMobil and Royal Dutch Shell), which named all of its oil fields after birds (in this case, the Brent Goose).
  • Today, most Brent oil comes from the UK (which has over 50 major oil fields) and Norway (which has over 35 major oil fields). These two countries are among the world’s largest producers of oil.
  • Brent reached a record high of $ 147.50 in June of 2008, and a record low of 2.23 in May of 1970.