Brent crude is the international benchmark for light, sweet crude oil, drawn from North Sea fields and traded as the ICE BZ futures contract. It prices roughly two-thirds of the world's internationally traded crude and is the reference for markets across Europe, Africa and the Middle East.
As of the 2026-07-24 close, Brent Crude traded at 96.78 USD / bbl. The chart above overlays the live intraday quote during market hours.
Over the last 52 weeks, Brent Crude has traded between a low of 58.92 and a high of 118.35 USD / bbl (daily closing prices).
Brent Crude is up 59.3% year-to-date in 2026, moving from 60.75 at the start of the year to 96.78 USD / bbl as of 2026-07-24.
Brent crude is the international benchmark for light, sweet crude oil, drawn from North Sea fields and traded as the ICE BZ futures contract. It prices roughly two-thirds of the world's internationally traded crude and is the reference for markets across Europe, Africa and the Middle East.
Brent is seaborne crude that can be shipped anywhere, so its price reflects global supply and demand rather than one region's pipeline economics. Roughly two-thirds of internationally traded crude is priced off Brent, including most Middle Eastern, African and European grades.
Brent loads directly onto tankers for export while WTI must travel by pipeline from Cushing, Oklahoma to the Gulf Coast before it can reach world markets. That transport cost, plus differences in regional supply-demand balances, keeps Brent at a premium most of the time.