Crude Oil Price on Global Market
Track the current crude oil price on global markets with Brent, WTI, and Murban benchmark indexes.
| Type | Barrel price | Price in denars | 1-day change |
|---|---|---|---|
| Brent | $90.38 | 4725 mkd | -9.1% |
| WTI | $83.85 | 4384 mkd | -11.4% |
| Murban | $91.70 | 4794 mkd | -9.8% |
Last updated: 37 minutes ago
FAQ
What is the difference between Brent and WTI?
Brent is a benchmark for crude oil produced in the North Sea (between the UK and Norway). Even though it comes from that region, Brent is the main benchmark for Europe and a large part of global oil trade. WTI is a benchmark that reflects the US market more directly. The difference between them is driven by regional supply and demand, transport, and market conditions.
What is Murban?
Murban is a benchmark crude produced in Abu Dhabi. Its price is becoming more important, especially for oil trade connected to Asia.
Why is global crude oil price important?
In Europe, Brent is usually the main benchmark, so its movement can affect procurement costs and later retail petrol and diesel prices.