Trade Brent Oil - BC CFD
$110.660
-0.13% (-0.14)
BC Price Chart
Chart data is currently unavailable.
*Past performance is not an indication of future results
High: 110.960
Low: 109.601
Trader sentiment:
Sellers: 76.0%
Buyers: 24.0%
Market trading hours
Open now
Sun 22:05 - Mon 22:00 ; Tue 00:01 - Fri 21:00 · Break 22:00 - 00:01
What is Brent Oil?
Brent crude oil is the leading international benchmark used to price roughly two-thirds of the world's traded crude, sourced from North Sea fields and settled financially rather than by physical delivery. Its price is shaped by layered forces: broad drivers such as global demand growth, OPEC+ production policy, and US Dollar strength set the trend, while inventory data and sentiment toward WTI Oil add further pressure on a day-to-day basis. On a narrower level, shipping disruptions and supply outages in producing regions can move prices sharply. Traders follow Brent for three reasons: its status as the world's most widely used oil benchmark, its strong global liquidity, and its sensitivity to international geopolitical events. In July 2008, Brent surged to a record high near $147 a barrel amid strong global demand and a weak dollar, only to collapse below $40 within months as the global financial crisis crushed demand, a swing that remains a textbook example of how quickly sentiment can reverse in oil markets.
Trading Conditions
- Minimal Spread
- 0.081
- Typical Spread
- 0.0959
- Overnight funding swap buy
- -0.01525%
- Minimum trade size / value
- 6 Units
- Commission
- 0%
- Max Leverage (1/margin%)
- 1:200
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Frequently asked questions
What are Brent oil trading hours?
Brent oil is traded nearly around the clock during the trading week, with brief breaks for market maintenance.
Is Brent oil volatile?
Yes, Brent oil can move sharply on geopolitical events, OPEC+ decisions, and shifts in global demand expectations.
What advantages does iFOREX offer for Brent oil trading?
iFOREX offers real-time pricing, risk-management tools, and access to Brent oil alongside other global commodities.
What is Brent oil?
Brent oil is a light, sweet crude oil benchmark sourced from North Sea fields and used to price a large share of the world’s internationally traded oil.
How do you trade Brent oil?
Brent oil is typically traded through CFDs or futures that track its price, allowing traders to take positions without physical delivery of crude.
What is the best time to trade Brent oil?
Liquidity tends to be highest when European and US trading sessions overlap, and around major OPEC+ and inventory announcements.
How does Brent oil differ from WTI oil?
Brent is sourced from North Sea fields and settles financially, while WTI is US-produced and requires physical delivery at Cushing, Oklahoma, leading to different regional price pressures.
What factors drive Brent oil prices?
OPEC+ production quotas, global demand trends, geopolitical tensions in producing regions, and shipping-route disruptions are key drivers of Brent prices.
Is Brent oil suitable for short-term trading?
Brent’s sensitivity to geopolitical headlines can create frequent short-term price swings that active traders often follow.
How do OPEC+ decisions affect Brent oil prices?
OPEC+ production quota changes directly affect global oil supply expectations, often triggering immediate and significant moves in Brent prices.