Oil
The price of a barrel of Brent, its change since the previous price and its spread with US WTI.
Brent, North Sea crude
102.61 $/bbl +0.2 %vs 01/10
Close on Fri 02/10 (market closed at weekends) · OilPriceAPI
Brent and WTI over 12 months
Brent WTI
OilPriceAPI (today's price) · EIA (12-month spot prices)
Brent is the benchmark crude oil for Europe and much of the world. It is named after a North Sea field and trades in London, on the ICE exchange, in dollars per barrel (a barrel is about 159 litres).
The price shown here is the front-month futures contract, the benchmark followed day to day. Its US counterpart is WTI, traded in New York: the spread between the two mainly reflects transport costs and each market's own balance.
Brent moves with supply (OPEC+ decisions, US output, disruptions such as those in the Strait of Hormuz), demand (global growth, China), inventory levels and the dollar.
A barrel of Brent trades at 102.61 dollars (price on 02/10/2026).
They are the two main crude oil benchmarks: Brent for the North Sea and international trade, WTI for the United States. Brent is usually more expensive because it is easier to ship by sea to the large consuming regions.
Only partly: crude oil is just one part of the price of a litre of fuel, alongside refining, distribution and above all taxes. See the breakdown of a litre on the diesel price page.