Brent Oil

Brent Oil price acts as a benchmark for oil produced by all major nations excluding the USA. Key producers include Russia, Saudi Arabia and all OPEC member countries. Brent is traded in the following 3 contract sizes:-

  1. 10 Barrel
  2. 100 Barrel
  3. 1,000 Barrel

1 Barrel of oil is approximately equal to 159 Litres.