Dated Brent Crude Oil Benchmark PriceGet the oil Price benchmarks you trust for 20% less.
ICE Brent Index
The ICE Brent Index is recognised as a commodity benchmark under the EU Benchmarks Regulation (Regulation (EU) 2016/1011 of 8 June 2016).
The ICE Brent Index represents the average price of trading in the prevailing North Sea ‘cash’ or forward market in the relevant delivery month as reported and confirmed by industry media. Only published full cargo size (currently 600,000 barrels) trades and assessments are taken into consideration in the calculation. The ICE Brent Index is published by ICE Futures Europe on the day after expiry of the front month ICE Brent futures contract and used by the Exchange as the final cash settlement price.
DATED Brent crude definition
Dated Brent crude – also referred to as Brent blend – is one of three major oil benchmarks used by those trading oil contracts, futures and derivatives. The other two major benchmarks are West Texas Intermediate (WTI) and Dubai/Oman, though there are many smaller oil varieties traded as well.
The Brent crude oil is a basket of North Sea crude oil streams, which includes Brent, Forties, Oseberg, Ekofisk, and Troll (BFOET).
DATED BRENT CRUDE is the benchmark against which the majority of the 100m barrels of crude oil traded every day are priced. The black stuff that makes up the Brent benchmark comprises a tiny fraction of the world’s extracted oil, but it is used to determine the value of some 60% of oil on international markets.
Crude oil History Price
Dated Brent Crude Oil – 10 Year Daily Chart
Daily chart of Dated Brent (Europe) crude oil prices over the last ten years. Values shown are daily closing prices. Source: macrotrends
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