tradingkey.logo
Search
Markets
Watchlist
News
Analysis
Tools
Stock Screener
English
繁体中文
ไทย
Tiếng việt
简体中文
Español
Português
Deutsch
한국어
日本語
tradingkey.logo
Search

Brent

UKOIL
Add to Watchlist

104.150

+1.540+1.50%
Overview
News&Analysis
Discussions
Technical
TradingKey Chart
Time
1m
15m
30m
1h
4h
D
W
M
Please select

Today

+1.50%

5 Days

+9.63%

1 Month

+21.54%

6 Months

+0.20%

Year to Date

+70.24%

1 Year

+55.24%

Key Data Points

Opening Price

104.420

Previous Closing Price

102.610
Price Range of the Day
102.790107.730
52-Week Price Range
58.880119.640

Brent Trading Strategy

Intraday
Medium Term
Short Term
Short positions below 85.30 with targets at 83.50 & 82.70 in extension.

Trading Strategy

Short positions below 85.30 with targets at 83.50 & 82.70 in extension.

Alternative scenario

above 85.30 look for further upside with 86.40 & 87.60 as targets.

Comment

short positions below 85.30 with targets at 83.50 & 82.70 in extension.

Tue, Aug 4
Source: Trading Central(Reference Only)

Brent News

Crude Oil: Elevated upside risk with CTAs max long – TD Securities

TD Securities strategists Ryan McKay and Bart Melek note that CTAs remain maximally long WTI Crude, Brent Crude, diesel and gasoline as attacks on energy infrastructure in Saudi Arabia and Russia sustain a significant upside risk premium.

Fxstreet5 hours ago
Oil: Geopolitical supply risks tilt bias higher – OCBC

OCBC strategist Christopher Wong says oil risks have risen again as disruptions to Saudi export infrastructure and renewed concerns around the Strait of Hormuz and Bab el-Mandeb keep supply risks elevated.

Fxstreet8 hours ago
Brent jumps above $104 as fresh supply threats rattle Oil markets

Brent Oil gains on Monday and trades around $104.20 at the time of writing, up 2.49% on the day. Oil prices benefit from a renewed geopolitical risk premium as tensions in the Middle East revive concerns over potential disruptions to energy supplies.

Fxstreet9 hours ago
WTI extend opening gains amid fears of further energy supply risks

West Texas Intermediate (WTI), futures on NYMEX, extends its opening gains in the European trading session on Monday, trading almost 3% higher slightly above $99.50.

Fxstreet11 hours ago
WTI Price Forecast: Retains bullish bias above mid-$98.00s and 61.8% Fibo.

West Texas Intermediate (WTI) – the benchmark US Crude Oil price – kicks off the new week on a positive note, reversing a part of Friday's retracement slide from its highest level since May 21.

Fxstreet15 hours ago
WTI rebounds toward nearly four-month highs after Saudi pipeline shutdown

West Texas Intermediate (WTI) oil price rebounds after falling nearly 4% in the previous trading day, hovering around $99.40 per barrel during Asian hours on Monday.

Fxstreet19 hours ago
View more

Brent Technical Analysis

1m
5m
15m
30m
1h
2h
4h
D
W
M
1m
5m
15m
D

Technical Indicators

Neutral

Summary

Buy

Moving Average

Strong buy

More Details of Brent

Brent crude oil is one of the world’s major crude oil pricing benchmarks and is widely used to measure crude oil prices in regions including Europe, Africa, and the Middle East. It is relatively light and low in sulfur, making it suitable for refining into petroleum products such as gasoline, diesel, and aviation fuel. Brent crude oil prices are mainly influenced by global oil supply and demand, OPEC+ production policies, geopolitical developments, inventory changes, movements in the U.S. dollar, and expectations for the global economy. Because Brent crude is widely used in international oil trading, its price movements are also an important reference for assessing trends in the global energy market.

What is the price of Brent today?

The current price of Brent is 104.15. Market data may be delayed, so please refer to the update time displayed on the page.

What is the trading range of Brent futures today?

The intraday low for Brent futures is 102.79, while the intraday high is 107.73. The trading range for today is 102.79 to 107.73.

What is the 52-week price range of Brent futures?

Over the past 52 weeks, the lowest price of Brent futures was 58.88, while the highest price was 119.64. Historical price ranges reflect past performance only and do not indicate future trends.

Why does Brent rise or fall?

The price of Brent may rise when market demand increases, supply tightens, or inventories decline. It may fall when demand weakens, supply increases, or inventories rise. Macroeconomic conditions, the U.S. dollar, interest rates, weather, policy changes, and unexpected events may also drive short-term price fluctuations.

What factors affect the price of Brent?

The price of Brent is generally influenced by global economic conditions, market supply and demand, movements in the U.S. dollar, interest rate expectations, production costs, inventory changes, and market sentiment. Weather conditions, supply from producing regions, transportation costs, geopolitical developments, and relevant industry policies may also affect its price.

What determines the price of Brent?

The price of Brent is primarily determined by supply and demand in the relevant market and may also be based on quotations from exchanges, market makers, or market data providers. The quoted currency, trading hours, product type, contract maturity, delivery terms, and market liquidity may also affect the price displayed on the page.

How can I analyze Brent price trends?

When analyzing the price of Brent, investors may consider charts across different timeframes, opening prices, highs and lows, support and resistance levels, as well as technical indicators such as moving averages, RSI, and MACD. Market supply and demand, inventories, production costs, macroeconomic conditions, policy developments, and changes in related industries should also be considered.

What are the trading hours for Brent?

The trading hours for Brent depend on the specific product, trading market, and price source. Different markets may have trading breaks, daylight saving time adjustments, and varying liquidity conditions. Trading hours may also change during holidays, so please refer to the schedule published by the trading platform.

How do changes in the U.S. dollar affect the price of Brent?

Many international commodities are priced in U.S. dollars. When the U.S. dollar strengthens, the cost of purchasing these commodities in other currencies may increase, which can put pressure on commodity prices. A weaker U.S. dollar may provide support. However, supply and demand, inventories, weather, interest rates, and market sentiment also affect prices, so the relationship is not always consistently inverse.

Are Brent price forecasts reliable?

Price forecasts are generally based on historical trends, technical indicators, market supply and demand, and macroeconomic data, but they cannot accurately predict future prices. Unexpected policy changes, geopolitical events, supply disruptions, and shifts in market sentiment may cause forecasts to become inaccurate. Therefore, forecasts should be used for reference only.

Can I invest directly in Brent?

No. Brent itself is an index and cannot be invested in directly. Investors typically gain price exposure through related spot products, futures, ETFs, CFDs, or shares of companies within the relevant industry chain. Costs, liquidity, leverage, and risks vary across these instruments, so investors should carefully consider market conditions and their own risk tolerance before making a decision.

Related Instruments

iconGold
-1.43%
iconSilver
-2.13%
iconWTI
+1.59%

Popular Instruments

US30
52390.600
-162.400 (-0.31%)
NAS100
29136.300
-232.600 (-0.79%)
SPX500
7620.400
-36.200 (-0.47%)
CHINA 50
14382.000
-74.000 (-0.51%)
JPN225
63294.000
-1385.000 (-2.14%)
EU50
6267.500
-52.300 (-0.83%)
WTI
99.921
+1.564 (+1.59%)
Apple Inc
333.060
+0.790 (+0.24%)
NVIDIA Corp
211.030
-7.260 (-3.33%)
Gold
4285.880
-62.170 (-1.43%)

Brent

104.150
+1.540+1.50%
tradingkey.logo
Risk Warning: Our Website and Mobile App provides only general information on certain investment products. Finsights does not provide, and the provision of such information must not be construed as Finsights providing, financial advice or recommendation for any investment product.
Investment products are subject to significant investment risks, including the possible loss of the principal amount invested and may not be suitable for everyone. Past performance of investment products is not indicative of their future performance.
Finsights may allow third party advertisers or affiliates to place or deliver advertisements on our Website or Mobile App or any part thereof and may be compensated by them based on your interaction with the advertisements.
© Copyright: FINSIGHTS MEDIA PTE. LTD. All Rights Reserved.
General Terms of Use
Privacy Policy
Cookie Policy