Global price of Brent Crude
This dataset tracks global price of brent crude over time.
Latest Value
66.96
Year-over-Year Change
-40.21%
Date Range
1/1/1990 - 4/1/2025
Summary
The Brent Crude price index measures the wholesale cost of Brent blend crude oil, a major global benchmark for crude prices. This metric is critical for understanding energy costs, inflation, and economic growth.
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 international grade of crude oil that serves as a global price benchmark. The Brent Crude price index tracks the spot price paid for physical delivery of this oil blend, reflecting supply, demand, and geopolitical factors affecting the global energy market.
Methodology
The Brent Crude price is calculated based on trading on the Intercontinental Exchange (ICE) spot market.
Historical Context
Brent Crude prices are closely monitored by policymakers, analysts, and industries to assess energy costs, inflation, and the macroeconomic environment.
Key Facts
- Brent Crude is the leading global price benchmark for Atlantic basin crude oils.
- The Brent Crude price index is quoted in U.S. dollars per barrel.
- Brent Crude is sourced from the North Sea oil fields between the UK and Norway.
FAQs
Q: What does this economic trend measure?
A: The Brent Crude price index measures the wholesale spot market price for Brent blend crude oil, a major global benchmark for crude prices.
Q: Why is this trend relevant for users or analysts?
A: Brent Crude prices are a critical indicator for understanding energy costs, inflation, and broader economic growth trends.
Q: How is this data collected or calculated?
A: The Brent Crude price is calculated based on trading activity on the Intercontinental Exchange (ICE) spot market.
Q: How is this trend used in economic policy?
A: Brent Crude prices are closely monitored by policymakers, analysts, and industries to assess energy costs, inflation, and the overall macroeconomic environment.
Q: Are there update delays or limitations?
A: The Brent Crude price index is updated regularly based on real-time trading activity, with minimal publication delays.
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Citation
U.S. Federal Reserve, Global price of Brent Crude (POILBREUSDQ), retrieved from FRED.