Crude Oil Prices: Brent - Europe
This dataset tracks crude oil prices: brent - europe over time.
Latest Value
69.56
Year-over-Year Change
-2.47%
Date Range
5/20/1987 - 8/4/2025
Summary
The Brent Crude Oil Price measures the spot price of Brent blend crude oil, a major global benchmark for oil prices. It is a key indicator of the global supply and demand dynamics for this critical energy commodity.
Analysis & Context
This economic indicator provides valuable insights into current market conditions and economic trends. The data is updated regularly by the Federal Reserve and represents one of the most reliable sources for economic analysis.
Understanding this metric helps economists, policymakers, and investors make informed decisions about economic conditions and future trends. The interactive chart above allows you to explore historical patterns and identify key trends over time.
About This Dataset
Brent crude oil is one of the most widely traded oil benchmarks in the world, serving as a pricing reference for about two-thirds of the world's internationally traded crude oil supplies. The Brent price is a barometer for the global oil market and a critical data point for economists, policymakers, and energy analysts.
Methodology
The Brent crude oil price is determined through trading on the Intercontinental Exchange (ICE), based on physical North Sea crude oil contracts.
Historical Context
Fluctuations in the Brent crude price can significantly impact consumer energy costs, transportation prices, and broader macroeconomic conditions.
Key Facts
- Brent crude is named after the Brent oil field in the North Sea.
- Brent crude is a light, sweet oil, making it suitable for refining into a variety of petroleum products.
- The Brent crude price is a key input for global economic forecasts and policy decisions.
FAQs
Q: What does this economic trend measure?
A: The Brent Crude Oil Price measures the spot price of Brent blend crude oil, a major global benchmark for oil prices.
Q: Why is this trend relevant for users or analysts?
A: The Brent price is a critical barometer for the global oil market and a key data point for economists, policymakers, and energy analysts.
Q: How is this data collected or calculated?
A: The Brent crude oil price is determined through trading on the Intercontinental Exchange (ICE), based on physical North Sea crude oil contracts.
Q: How is this trend used in economic policy?
A: Fluctuations in the Brent crude price can significantly impact consumer energy costs, transportation prices, and broader macroeconomic conditions, making it a key input for economic forecasts and policy decisions.
Q: Are there update delays or limitations?
A: The Brent crude price is updated in real-time as trading occurs on the ICE, providing timely data for analysts and policymakers.
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Citation
U.S. Federal Reserve, Crude Oil Prices: Brent - Europe (DCOILBRENTEU), retrieved from FRED.