Brent Crude Oil Price Chart (ICE Brent)
LIVEBrent crude is the international oil benchmark: the price of a light, sweet North Sea crude, quoted in US dollars per barrel, used as a reference for much of the world's seaborne oil trade. The live chart below tracks TVC:UKOIL, the front-month ICE Brent futures quote. For a WTI vs Brent comparison, see our crude oil hub.
Live Brent crude oil price per barrel (TVC:UKOIL). Updates automatically.
What this Brent chart shows
The chart tracks TVC:UKOIL, TradingView's continuous quote for front-month Brent crude futures, in US dollars per barrel. It follows the ICE Brent contract (ticker B) traded on ICE Futures Europe and rolls to the next month as each contract expires. Use the range buttons to move from intraday trading to the full history in the widget.
This page covers Brent only. For a side-by-side view with the US benchmark, use the crude oil price per barrel hub (WTI vs Brent); for the US grade on its own, see the WTI crude oil price chart.
What "Brent" means today
The name comes from the Brent oil field in the UK North Sea. As output from that field declined, the benchmark was widened into a basket of North Sea grades so that enough cargoes trade each month to set a reliable price. The physical basket behind Dated Brent covers Brent, Forties, Oseberg, Ekofisk and Troll, and since 2023 it has also included US WTI Midland crude delivered to Europe.
Brent pricing works in three linked layers:
- Dated Brent
- The assessed price of physical North Sea cargoes loading in the coming weeks. It is the reference for a large share of the world's physical crude contracts.
- Forward (cash) Brent
- Over-the-counter trades in cargoes for later months, linking the physical market with futures.
- ICE Brent futures
- The exchange-traded contract that this chart follows. It is cash-settled at expiry against the ICE Brent Index rather than delivered.
Brent crude: key specifications
| Item | Brent detail |
|---|---|
| Type | Light, sweet North Sea blend (with WTI Midland in the Dated Brent basket) |
| Futures exchange | ICE Futures Europe |
| Contract size | 1,000 barrels |
| Settlement | Cash-settled against the ICE Brent Index |
| Expiry | Last business day of the second month before the delivery month |
| Quote unit | US dollars and cents per barrel (1 barrel = 42 US gallons = 158.987 litres) |
How to read the Brent crude oil price chart
- Start with the daily change in dollars and percent shown above the chart.
- Match the range to your question: 1D for news reactions such as OPEC+ announcements, 12M for the annual trend, All for the long cycle.
- Use a log scale for long history. Brent has moved from around $10 in the late 1990s to above $140 in 2008. Percentage-based scaling keeps both eras readable.
- Allow for rollover. Continuous futures charts switch contracts each month, which can leave small gaps.
- Compare with WTI. If Brent rises but WTI does not, the cause is usually outside the US, such as Middle East supply or shipping disruptions.
Price per litre = Brent price per barrel ÷ 158.987. If Brent were $80, crude would cost about $0.50 per litre, or $1.90 per US gallon, before refining, freight and taxes.
What moves the Brent oil price
- OPEC+ production policy: output targets agreed by OPEC members and partners including Russia.
- Middle East and Russian supply risks: conflict, sanctions and export disruptions.
- Shipping routes: chokepoints such as the Strait of Hormuz and the Suez Canal and Red Sea, plus tanker freight rates.
- Asian and European demand: especially China's imports and refinery activity.
- North Sea output and field maintenance, which affect the physical cargoes behind Dated Brent.
- The US dollar: a stronger dollar makes oil more expensive in other currencies. See forex rates.
Brent milestones you can see on the chart
- July 2008: a record high near $147 per barrel intraday, followed by a collapse during the financial crisis.
- 2014 to 2016: a long decline as US shale grew and OPEC chose not to cut output in November 2014.
- 2020: a deep fall during COVID-19 lockdowns. Unlike the expiring WTI contract, Brent never settled below zero, partly because it is cash-settled.
- 2022: Russia's invasion of Ukraine pushed Brent above $120 for a time.
Common mistakes
- Calling Brent "the world price". It is the most widely used reference, but Middle East crude sold to Asia is often priced off Dubai or Oman benchmarks.
- Comparing Brent with WTI without allowing for the spread between them.
- Treating a rollover gap on a continuous chart as a market move.
See also how to read a chart and, for other commodities, the gold price chart and uranium spot price.
Frequently Asked Questions
What does the Brent crude oil price chart show?
It shows TVC:UKOIL, a continuous quote of front-month ICE Brent crude futures, in US dollars per barrel. The chart updates during trading hours and lets you switch between intraday and long-term ranges.
Why is Brent usually more expensive than WTI?
Brent is a seaborne crude that can be shipped straight to refiners worldwide, while WTI is priced inland at Cushing, Oklahoma and must be piped to the coast first. Since the early 2010s this has usually kept Brent above WTI, although the spread changes over time.
What is Dated Brent?
Dated Brent is the assessed price of physical North Sea crude cargoes with set loading dates in the coming weeks. It covers Brent, Forties, Oseberg, Ekofisk, Troll and WTI Midland, and serves as a reference for many physical oil contracts around the world.
What is the ticker symbol for Brent crude?
On ICE Futures Europe the Brent crude futures contract uses the ticker B. On TradingView the continuous Brent quote used here is TVC:UKOIL, and many brokers label it UKOIL or BRENT.
Did Brent oil go negative in 2020?
No. Brent fell sharply in spring 2020 but stayed above zero. The negative settlement on 20 April 2020 applied to the expiring May WTI futures contract, which requires physical delivery at Cushing, Oklahoma.