UK Brent Oil is usually referred to as Brent Oil or London Brent, and includes Brent Sweet Light Crude, Oseburg, Ekofisk, and Forties.
Two-thirds of the world’s international crude oil supplies are priced using the value of Brent Oil on the Intercontinental Exchange (ICE), including those in Africa, Europe, and the Middle East.
This commodity is priced in dollars, and its value is linked with supply and demand predominantly, but is also affected by the economic situations in countries which produce oil.
The commodity’s value is also likely to be negatively impacted by the growing popularity of greener solutions and the demand for cutting carbon emissions.
Trading Hours: Daily 1 am - 10 pm
Minimum Size: US$0.10 per Point or 0.01 Lot