Description
The NYMEX Brent Crude Oil Futures Price, published by the New York Mercantile Exchange (NYMEX), reflects the market's expectations for the price of Brent crude oil at a specific future date. Brent crude oil is a light, low-sulfur oil primarily produced in the North Sea and is widely used as a benchmark for global oil pricing. Due to its geographical origin and quality, Brent crude is typically in high demand, particularly in European, African, and Asian markets.
When global demand increases due to economic expansion or supply constraints, Brent crude oil futures prices tend to rise. Conversely, prices may decline when demand decreases due to economic slowdowns or supply surpluses.
This data is published daily, providing the latest Brent crude oil futures prices from market trading.