Crude Oil Brent Price | BRN Futures Chart

Crude Oil Brent Price | BRN Futures ChartHow much is Brent oil today - online price chart, Brent crude price forecast, review and quotes features. Professional Brent oil futures forecast technical and fundamental analysis. Brent is a marker grade of oil. It is used as a reference when determining the quality of a third of all grades of black gold, and the Brent quote affects the price dynamics of a significant part of all world reserves. Futures for Brent oil are traded mainly on the European exchange ICE Futures Europe - it accounts for about 50% of the total trading volume. On this exchange, futures contracts are assigned the ticker BRN. The volume of one contract is 1,000 barrels.


Buy or Sell Brent Oil Futures

Simple and lightweight Crude Oil Brent Futures Live Chart is a powerful free tool that allows you to easily conduct technical analysis online without downloading additional files and applications. In order to meet the needs of the most demanding technical analysts, you can find over a hundred chart analysis tools on our Oil Brent Futures chart. You can also add any of 80 technical indicators directly to the chart online - in two clicks. The possibilities are endless!

Technical Analysis Crude Oil Brent Futures


Buy or Sell Brent Oil Futures

Oil Brent Futures Technical Analysis widget is a modern handy tool that shows ratings based on technical indicators data. The design of the widget is made in the form of a speedometer, thanks to which you can quickly see the results of the summary technical analysis. You no longer need to use many indicators for analyzing financial instruments, the widget will do it for you. In addition, all rating data are updated in real time. These technical indicators are used for technical analysis: Relative Strength Index, Stochastic, Commodity Channel Index, Average Directional Index, Awesome Oscillator, Momentum, MACD, Stochastic RSI, Williams Percent Range, Bull Bear Power, Ultimate Oscillator, Exponential Moving Average, Simple Moving Average, Ichimoku Cloud Base Line, Volume Weighted Moving Average, Hull Moving Average.

Oil Brent Futures for Investor

Brent is a marker grade of oil. It is used as a reference when determining the quality of a third of all grades of black gold, and the Brent quote affects the price dynamics of a significant part of all world reserves.

Futures for Brent oil are traded mainly on the European exchange ICE Futures Europe - it accounts for about 50% of the total trading volume. On this exchange, futures contracts are assigned the ticker BRN. The volume of one contract is 1,000 barrels.

In addition, oil futures can be traded on other exchanges, including: the New York Mercantile Exchange (NYMEX), where they circulate under the ticker BB, as well as the Shanghai Future Exchange, SHFE.

The total volume of trading in oil futures on all these exchanges, as a rule, does not exceed that on ICE Futures Europe.

The oil exchange rate on the stock exchange is calculated in US dollars, and the lot size is 10 barrels.

In some futures and spot contracts, Brent oil is labeled as UKOIL by United Kingdom Oil, since the reference oil is predominantly produced in the North Sea.

"Brent" is an abbreviation for the reservoir formations (Broom, Rannoch, Etive, Ness, Tarbert). Despite a common misconception, now Brent is not oil from a specific field, as it was before 1990, but a mixture of several grades produced on the territory of different countries.

Oil for the reference Brent brand is produced from four fields: Brent and Forties are offshore, owned by the UK, and Oseberg and Ekofisk are part of Norway.

Settled futures are best suited for making money on changes in quotes, as well as for hedging, which is why they account for over 90% of oil trading volume.

According to statistics, now only 3% of all transactions for Brent oil end with a real delivery of goods.

The price of oil today has a huge impact on the world economy - both the exchange rates of some currencies and the general economic situation of most countries that produce or consume it depend on it. For this reason, the European benchmark oil Brent (UKOIL) is one of the most traded commodities in the financial market.

The price of 1 barrel of oil (158.988 liters) depends primarily on the ratio of production and demand. These indicators are influenced by the development of the economies of European countries.

Oil is used in most sectors of the economy, from the production of fuel to the manufacture of children's toys. This raw material is used to produce plastics, synthetic fabrics, automotive rubber, cable and wire braids, solar panels, chewing gum, and even some food products. Polyethylene, from which bags, bottles and films are made, is the most popular packaging material and is also made from petroleum products.

In addition, oil is actively used in cosmetology for the production of varnishes, lipsticks and pencils for lips and eyes, as well as in medicine - drugs such as aspirin, streptocid, vaseline, sulfidine and many others are made using petroleum products. The products of processing and distillation of hydrocarbon raw materials also find their application - for example, in the form of fuel oil.

How to buy Brent oil

Anyone can make money on oil, for example, we have been working with the CMC Markets broker for many years, where you can open oil deals. To do this, select Brent oil from the list of commodities and click the buy button.

How to buy Brent oil


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CMC Markets is a UK-based financial services firm that provides online trading in spread betting, contracts for difference (CFDs) and foreign exchange across world markets. It is listed on the London Stock Exchange and is a constituent of the FTSE 250 Index.

The platform has everything a user needs to support the trading. It's packed with powerful features, yet intuitive, and easy to navigate. As a financial services pioneer, CMC Markets have got the expertise linked to over 30 years of industry experience and have over 300,000 global clients who put their confidence in CMC Markets.

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Elliott Wave Analysis: Crude Oil (CL) Has Reached Daily Support

Decline in Oil (CL) from 7.20.2022 high is unfolding as a zigzag Elliott Wave structure. Down from July 20, wave A ended at 87.01 and wave B rally ended at $97.66. Oil has resumed lower in wave C with subdivision as a 5 waves impulse. Down from wave B, wave (i) ended at $88.27 and wave (ii) bounce ended at $91.61. Oil resumed lower in wave (iii) towards $87.12, wave (iv) ended at $88.63, and final leg lower wave (v) ended at $85.98. This completed wave ((i)) of C.

Wave ((ii)) rally ended at $90.38 with internal subdivision as a zigzag in lesser degree. Up from wave ((i)), wave (a) ended at $89.66, and pullback in wave (b) ended at $86.62. Final leg higher wave (c) ended at $90.38 which completed wave ((ii)). Oil turns lower again in wave ((iii)) with internal subdivision of an impulse. Down from wave ((ii)), wave (i) ended at $85.08 and rally in wave (ii) ended at $87.76. Oil then resumes lower in wave (iii) towards $81.50. Expect rally in wave (iv) to fail below $90.38 for further downside.

From larger point of view, Oil has reached 100% – 161.8% Fibonacci extension area from 3.7.2022 high at $63.3 – $86.3 and this area should be the daily support area for Oil for at least larger 3 waves rally.

Oil (CL) 60 Minutes Elliott Wave Chart

Elliott Wave Analysis: Crude Oil (CL) Has Reached Daily Support

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