Brent crude is a major benchmark for pricing crude oil in global energy markets. It is light sweet crude oil produced from the North Sea and serves as the reference price for much of the world's international oil trade.
Brent crude is priced in US dollars per barrel, where one barrel equals 159 litres (42 gallons). Its price reflects global supply, demand, geopolitical risk, shipping conditions, and energy-market sentiment.
Brent crude differs from West Texas Intermediate (WTI) by role: Brent is the main international benchmark, while WTI is the main US benchmark. You can take exposure through futures, options, exchange-traded funds, energy stocks, or oil CFDs.
You see Brent crude trading at USD 85 per barrel.
If OPEC+ announces a production cut and Brent rises to USD 88 per barrel, the move reflects expectations of lower global oil supply. A long Brent position gains on the rise, while a short Brent position loses value.