Global price of Brent Crude
This dataset tracks global price of brent crude over time.
Latest Value
69.85
Year-over-Year Change
-15.76%
Date Range
1/1/1990 - 6/1/2025
Summary
The 'Global price of Brent Crude' series measures the spot price of Brent crude oil, a key global benchmark for energy markets and a critical indicator of economic activity.
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 is a major trading classification of sweet light crude oil that serves as a benchmark for pricing oil worldwide. The Brent Crude price is widely used as a barometer for global energy markets and can impact consumer prices, inflation, and economic growth.
Methodology
The data is collected and calculated by the U.S. Energy Information Administration.
Historical Context
Brent Crude prices are closely watched by policymakers, analysts, and investors to gauge energy costs and their potential macroeconomic effects.
Key Facts
- Brent Crude is one of the world's major crude oil benchmarks.
- Brent Crude prices can impact consumer prices and inflation.
- Changes in Brent Crude prices are closely watched for economic implications.
FAQs
Q: What does this economic trend measure?
A: The 'Global price of Brent Crude' series measures the spot price of Brent crude oil, a key global benchmark for energy markets.
Q: Why is this trend relevant for users or analysts?
A: The Brent Crude price is a critical indicator of economic activity and can impact consumer prices, inflation, and economic growth.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the U.S. Energy Information Administration.
Q: How is this trend used in economic policy?
A: Brent Crude prices are closely watched by policymakers, analysts, and investors to gauge energy costs and their potential macroeconomic effects.
Q: Are there update delays or limitations?
A: The Brent Crude price data is updated regularly by the U.S. Energy Information Administration.
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Citation
U.S. Energy Information Administration, Global price of Brent Crude (POILBREUSDM), retrieved from FRED.