Brent is the leading global benchmark for crude-oil pricing, based on oil from the North Sea and quoted in US dollars per barrel.

What moves Brent crude prices?

Brent is driven mainly by global supply and demand, OPEC+ production decisions, geopolitical risk in producing regions, inventory data, and the US dollar.

What is the difference between Brent and WTI?

Brent is the international benchmark (North Sea oil); WTI is the main US benchmark. The two usually trade at a small price spread reflecting quality and transport differences.

NewsPips AI

Brent Crude Oil news & analysis

Brent crude is the leading global benchmark for oil prices, quoted in US dollars per barrel.

Why is Brent up or down today?

Brent crude is being driven higher by heightened geopolitical tensions in the Strait of Hormuz, with US strikes on Iran and Iranian attacks on shipping disrupting traffic. The market is factoring in a supply risk premium as the US threatens an indefinite blockade and attacks push tanker traffic toward a Tehran-controlled route. These developments are keeping prices on track for a weekly gain as the standoff shows no sign of resolution.

Updated 2 hr. ago

Latest news

Donald Trump to declare Hormuz US territory 'soon'
www.dw.com · 23 hr. ago
Oil to open higher as US strikes on Iran boost supply risk premium
boereport.com · 419 days ago
UAE says Iran attacked ADNOC vessel in Hormuz, urges Iran to halt attacks, reopen waterways
www.jpost.com · 7 hr. ago
Oil Prices Head for 4% Weekly Gain as U.S.-Iran Deadlock Drags On
oilprice.com · 2 days ago
US threatens ‘indefinite’ blockade against Iran: How long can it last?
www.aljazeera.com · yesterday
US oil rigs rise to 455 as Strait of Hormuz attacks halt traffic
www.investing.com · yesterday
Iranian Attacks Push Hormuz Shipping Toward Tehran-Controlled Route
gcaptain.com · yesterday
Fallout Spreads Across the Middle East as the Iran War Grinds On
oilprice.com · yesterday

Upcoming economic events

2026-08-17 — New Home Prices m/m · CNY
2026-08-17 — Fixed Asset Investment ytd/y · forecast -6.2% · CNY
2026-08-17 — Retail Sales y/y · forecast 1.5% · CNY
2026-08-17 — NBS Press Conference · CNY
2026-08-17 — Unemployment Rate · forecast 5.1% · CNY
2026-08-17 — Industrial Production y/y · forecast 5.0% · CNY
2026-08-17 — Common CPI y/y · forecast 2.5% · CAD
2026-08-17 — CPI m/m · forecast 0.4% · CAD

Learn what moves Brent →

Related markets

Frequently asked questions

What is Brent crude?: Brent is the leading global benchmark for crude-oil pricing, based on oil from the North Sea and quoted in US dollars per barrel.
What moves Brent crude prices?: Brent is driven mainly by global supply and demand, OPEC+ production decisions, geopolitical risk in producing regions, inventory data, and the US dollar.
What is the difference between Brent and WTI?: Brent is the international benchmark (North Sea oil); WTI is the main US benchmark. The two usually trade at a small price spread reflecting quality and transport differences.
Why is Brent up or down today?: Brent's daily moves usually come from supply-and-demand news, OPEC+ signals, geopolitical headlines and inventory data. See the analysis at the top of this page for what is driving Brent right now.

See Brent analysis live

NewsPips AI continuously analyses the news that moves Brent.

Try a live analysis

Not investment advice. For informational purposes only.

We use cookies to keep you signed in (strictly necessary — always on). With your permission, we also use Sentry to collect error diagnostics including your IP address and browser metadata (no session replay) so we can fix bugs. See our privacy policy.