Brent crude oil
BZ · NYMEX · futuresBrent as an oil benchmark
Brent is an important reference for international crude-oil pricing. Benchmark prices influence contracts for physical crude, but a particular cargo can trade at a difference reflecting quality, delivery point and timing.
This page follows the NYMEX BZ financially settled futures series in USD per barrel. It is not a direct history of the ICE Brent contract. Similar benchmark names do not make the traded instruments identical.
Global flows and regional differences
Producer supply, sanctions, shipping routes and expected consumption can affect the market. A change in available transport can alter regional prices even without an equivalent change in world oil production.
WTI offers a US-market comparison. The difference between benchmarks can reflect infrastructure and supply conditions rather than a simple disagreement about one identical oil grade.
Reading BZ price and volume
News can be reflected in price before physical deliveries change. Consider the scale and duration of an interruption. Rollovers can affect the continuous series, and volume counts contracts in this source rather than every global Brent transaction. Chevron and Exxon Mobil show related company businesses with additional costs and risks.
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