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Crude Oil Brent - Cash price

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About Crude Oil Brent - Cash

Brent crude oil is one of our most-traded commodities, along with West Texas crude oil. Considered a major benchmark, it’s used to set oil prices for two thirds of the world’s global crude oil supplies. Brent crude is known as a light and sweet oil due to its low density and sulphur content. The Brent crude oil market first originated at its field in the North Sea; however, production is decreasing in this region as oil blends from other international fields are being combined. You can trade the commodity at its live spot price or through forward contracts, where its value is based on the stability of the underlying asset. Our Brent crude oil price charts are available to view in both short-term and longer-term timeframes, depending on your trading strategy. Start spread betting or trade CFDs on Brent crude oil’s price below.

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Trading details

minimum spread
N/A
minimum size (new)
0.001
Shorting allowed
Yes
GSLO allowed
No

Holding costs

Daily - Sell
0.00
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0.00
Yearly - Sell
0.00
Yearly - Buy
0.00

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There's no cost when opening a live spread betting or CFD trading account. You can also view prices and use tools such as charts, Reuters news or Morningstar quantitative equity reports, free of charge. However, you will need to deposit funds in your account to place a trade.

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There are a number of costs to consider when spread betting, including spread costs, holding costs (for trades held overnight which is essentially a fee for the funds you borrow to cover the leveraged portion of the trade), rollover costs on expiring forward trades, and guaranteed stop-loss order charges (if you use this risk-management tool).
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Yes, CMC Markets UK plc (registration number 173730) and CMC Spreadbet plc (registration number 170627) are fully authorised and regulated by the Financial Conduct Authority (FCA) in the UK. Retail client money is held in segregated client bank accounts and money held on behalf of clients is distributed across a range of major banks, which are regularly assessed against our risk criteria.

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Crude Oil Brent - Cash FAQs

What is meant by Brent Crude Oil?

Brent Crude acts as a global benchmark for crude oils that are extracted from Atlantic basins. It comes from 15 different oil fields in the North Sea known as BFOET (Brent, Forties, Oseberg, Ekofisk and Troll). Read more about types of crude oil.

What is the difference between WTI and Brent Crude Oil?

Whereas Brent is extracted from the North Sea, West Texas Intermediate (WTI) Crude Oil is a US-based commodity that is sourced from oil fields in Texas, North Dakota and Louisiana. WTI is typically lighter and sweeter due to its low density and low sulphur content, which also makes it less expensive to produce. View our WTI Crude Oil derivative price chart for further details.

What is Brent Crude Oil used for?

Brent Crude Oil can be used as a source to fuel transportation, cooking and heating devices, as well as being present in chewing gum, contact lenses, cosmetics and a number of household products. It is one of the world’s most popularly traded commodities, so learn more about oil trading via CFDs and spread bets.

How can I trade on Brent Crude Oil in the UK?

To start spread betting or trading CFDs on the price movements of Brent Crude Oil, open a trading account. You will be able to go long if you think that its value will increase or go short if you think its value will fall. Take advantage of our multiple order types and execution tools.

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