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Brent Oil EB

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A leading global price benchmark for crude oil Future-ICE

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% Buyers % Sellers

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A leading global price benchmark for crude oil Future-ICE

Spread 0.04 Spread (%) 0.06%
Overnight funding - Buy -0.0222% Overnight funding - Sell -0.0217%
Initial margin 2.00% Maintenance margin 1.00%
Leverage 1:50 Expires daily No
Futures Contract February 2022
Automatic rollover

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Plus500 News & Market Insights

How Will OPEC+ and the Oil Market Respond to Omicron?
Plus500
Dec 02 2021

How Will OPEC+ and the Oil Market Respond to Omicron?

Oil is in turmoil as the COVID-19 Omicron variant spreads. With the outlook for petrol demand uncertain, OPEC+ is set to meet today to discuss output.

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Will Oil Prices Continue to Fall?
Plus500
Aug 19 2021

Will Oil Prices Continue to Fall?

Oil (CL) sank under $63 a barrel today, marking it the lowest drop since May. This fall came on the heels of the Fed signaling it would narrow asset purchases.

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Brent Oil Price Steadies After Nearing an 8 Week Low
Plus500
Jul 20 2021

Brent Oil Price Steadies After Nearing an 8 Week Low

The price of Brent Oil neared an eight-week low on Monday following OPEC+ closing a deal to increase Oil production. This comes in the wake of OPEC’s previous decision to keep supplies low earlier in the course of the pandemic.

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