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Brent Oil Contract

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49.98 -0.27    -0.54%
11/12 - Closed. Currency in USD ( Disclaimer )
Type:  Commodity
Group:  Energy
Unit:  1 Barrel
  • Prev. Close: 50.25
  • Open: 50.39
  • Day's Range: 49.76 - 50.74
Brent Oil 49.98 -0.27 -0.54%

Brent Oil Futures Overview

 
Here you'll find a live, interactive, Brent Crude oil price chart as well as Brent price forecasts, technical analysis, news, opinions and reports. Brent Crude is a classification used for major trading, and serves as a benchmark for purchases on global financial markets. In fact, it is a definition used to describe sweet light crude oil (sweet refers to low sulfur contents, while light describes a relatively low density). The benchmark crude, used as a reference price for buyers and sellers is also known as London Brent, Brent Blend and Brent Petroleum. Benchmarks are used for the convenience of sellers and buyers, due to a vast varieties and grades of crude oil. This page contains detailed financial information on brent oil. Live price charts, forecasts, technical analysis, news, opinions, reports and discussions.
Technical Chart
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Prev. Close50.25
MonthFeb 21
Tick Size0.01
Open50.39
Contract Size1,000 Barrels
Tick Value10
Day's Range49.76 - 50.74
Settlement TypePhysical
Base SymbolB
52 wk Range15.98 - 71.75
Settlement Day02/15/2021
Point Value1 = $1000
1-Year Change - 22.15%
Last Rollover Day11/22/2020
MonthsFGHJKMNQUVXZ
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Brent Oil Futures News


China Looks To Boost Shale Gas Development
China Looks To Boost Shale Gas Development
By Oilprice.com - 19 hours ago

China is looking to attract investments in shale gas developments by easing restrictions on foreign entities and subsidizing costs in a bid to boost its natural gas production...

Brent Oil Futures Analysis


Craig Erlam
Oil Pushes Past US$50, Gold Eases By Craig Erlam - Dec 11, 2020

Brent Holding Above US$50 Brent crude broke above US$50 for the first time since March on Thursday and is just about holding on in early trade today. At the time of writing, it’s...

Marc Chandler
Brexit Fears Weigh On Sterling By Marc Chandler - Dec 11, 2020

The odds of a UK-EU agreement and new stimulus before year-end in the US have faded and are sapping risk appetites ahead of the weekend. Although most Asia Pacific equity markets...

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 NameSymbolLastChg. %Vol.Time
 United States Brent OilBNO12.48-0.64%479.33K11/12 

Technical Summary

Type 5 mins 15 mins Hourly Daily Monthly
Moving Averages Neutral Strong Sell Neutral Buy Sell
Technical Indicators Sell Sell Strong Sell Strong Buy BUY
Summary Neutral Strong Sell Sell Strong Buy Neutral

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Aminata Ceesay
AminataLoveGreen 3 hours ago
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160778667617029.jpg
It's arrived to the weekly 100 EMA might be strong resistance
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Godbless Simon
Godbless Simon 2 hours ago
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thanks for insights Ceesay
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Akposiegbe Kelvin
Akposiegbe Kelvin 8 hours ago
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Good morning all. Hope you enjoying your weekend. I have been think about how FDA's approval of the vaccine will affect oil on Monday and ya it's easy to conclude that it will be a gap up opening but are we getting a rally to 52+ at the moment? From the Wti forum almost everyone is saying will get a gap up then a massive sell of the news__ Do you think this is gonna be a sell the news scenario? I mean on Friday showed how the bulls were so strong that we couldn't get a sufficient retracement IMO. There are also suggestions that the EIA's report could bring it down further with another massive build_ what's your take on this also? Is it time for the reality check or are we gonna see a drive to 52+ b4 a sell off or could it be a double top on Monday? They say everything about the vaccine is priced in already. I don't have a position open and would watch how markets react on Monday. Pls I'd like to hear you guys out on what i have said so far.
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Akposiegbe Kelvin
Akposiegbe Kelvin 8 hours ago
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Maybe the only driving force could be a stimulus check right now
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Thomas Rick
TRex 8 hours ago
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Akposiegbe Kelvin  -Good morning sir.   From where I am standing I see that the close while over the weekly resistance was just slightly so.  My take is that level is still in play and this next week should see a trade which reflects that ongoing test.   The chart would have to be looked at but we have a range of price action over the line to watch for upper reaches of cross as the line is traded.  Fridays often lack the commitment to a large move so 'holding off' till Monday could be the case eh?
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Akposiegbe Kelvin
Akposiegbe Kelvin 8 hours ago
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Good morning sir Thomas. Thanks for sharing
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Thomas Rick
TRex 8 hours ago
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"Maybe the only driving force could be a stimulus check right now".  Markets are an odd thing- attribution for moves it tough to guess at.   One open question is how everything will response to a development where the vaccine has high effectiveness should that occur.   Could we see a relief rally which has a simple 'animal spirits' enthusiasm with no real anchor to the economic metrics.  I believe the March/April period might show some interesting price action in all markets.
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Godbless Simon
Godbless Simon 13 hours ago
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Breaking News; The U.S. Food and Drug Administration granted an emergency use authorization for the Pfizer-BioNTech coronavirus vaccine on Friday, signaling the start of a historic vaccination campaign less than one year after the deadly COVID-19 pandemic began.
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Godbless Simon
Godbless Simon 12 hours ago
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yes Brent will shoot to the Sky
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Joe Hari
JoeHari 10 hours ago
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It was an expected news, I wonder if the market will take this an opportunity for a further push up or if it will a buy the rumour sell the news kind of situation.. Not too sure and hope no one left a position open over the weekend (unless they can weather big swings then it's comfortable)
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Godbless Simon
Godbless Simon 9 hours ago
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i left my buying stop order on friday in case of gap UP on monday
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Akposiegbe Kelvin
Akposiegbe Kelvin 9 hours ago
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God bless do you think the correction from 51, 05 was enough? Wti retraced and held the 50% fib strongly while if you consider Brent from the point this rally to 51,05 started (ie. 48,12) it's a 38,6 fib but taking a look from the hourly time frame there seems to be a higher low at 48,4. If you consider this rally from 48,4 it's inches close to 50%fib. Would you say this correction is sufficient enough? I fancied 49,66 yesterday, that's on the 50MA but we got 49,76 instead. I'll expect a gap down b4 the rally but it could turn out your way for sure. I mean the Pzfier vaccines approval comes with a lot of positives. 2,9million distribution in 24hours and the remaining 2,9million in 21days. Well let's see
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Godbless Simon
Godbless Simon 7 hours ago
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Kelvin your arguments is correct, i just focused on fundamentals rather than technical
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Mark Maxwell
MaxAnalysis 21 hours ago
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glut is outside the door doing pushups
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Sam Houston
Sam Houston 23 hours ago
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yesterday added 60 lots sp at 50.5... u had an order in just in case u guys get ahead of yourselves... now 47.44 and 50.5... 120 lots avg 48.97
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Quantum Power
Quantum Power 22 hours ago
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They could pump more with FDA news. Though a small retracement likely to the area below 49. Good luck
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Mr Worldwide
Mr Worldwide 22 hours ago
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too bad u got that 4744 before that pump, better too to save sp's that 4962 or yesterday's 51.
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Sam Houston
Sam Houston 21 hours ago
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wait for Christmas!
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Godbless Simon
Godbless Simon Dec 11, 2020 1:24PM ET
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Already have placed my pending orders for open gap in Monday, if it happens👍
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Alexander Korznikov
Alexander Korznikov Dec 11, 2020 8:24AM ET
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which direction do you expect a gap? up or down?
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Godbless Simon
Godbless Simon 19 hours ago
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gap UP
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Kami Kaze
Kami Kaze Dec 11, 2020 8:07AM ET
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Baker Hughes Rig Count: U.S. +15 to 338, Canada +9 to 111 Baker Hughes Rig Count: U.S. +15 to 338 rigs U.S. Rig Count is up 15 from last week to 338 with oil rigs up 12 to 258, gas rigs up 4 to 79, and miscellaneous rigs down 1 to 1. U.S. Rig Count is down 461 rigs from last year's count of 799, with oil rigs down 409, gas rigs down 50 and miscellaneous rigs down 2. The U.S. Offshore Rig Count is unchanged at 13, down 10 year-over-year. Baker Hughes Rig Count: Canada +9 rigs to 111 rigs. Canada Rig Count is up 9 from last week to 111, with oil rigs up 12 to 52, gas rigs down 3 to 59. Canada Rig Count is down 42 rigs from last year's count of 153, with oil rigs down 44, gas rigs up 2.
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Bear Bull
Perma_BearBull Dec 11, 2020 8:07AM ET
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Good guy Opec bringing back US Shale
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Kami Kaze
Kami Kaze Dec 11, 2020 8:07AM ET
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Bear Bull  They are most kind. And nobody cares about increasing output and decreasing consumption. All is good. ;)
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Fredrik Svensson
Fredrik Svensson Dec 11, 2020 8:07AM ET
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Nothing can get this to drop
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Stephen Cassar
stephen87 Dec 11, 2020 6:34AM ET
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im of boys for the week, happy weekend
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Mr Worldwide
Mr Worldwide Dec 11, 2020 6:34AM ET
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samesame
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Thomas Rick
TRex Dec 11, 2020 6:34AM ET
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Good weekend to you
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Kami Kaze
Kami Kaze Dec 11, 2020 6:34AM ET
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You too!
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Mr Worldwide
Mr Worldwide Dec 11, 2020 6:04AM ET
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tried sp, closed without a loss. maybe better .40 till .20
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Emil The Dane
Emil The Dane Dec 11, 2020 5:36AM ET
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selloff inc?
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Mikko Iittala
Mikko Iittala Dec 11, 2020 5:36AM ET
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Not yet. We all know over 4% brutal sell-off waiting. When, no one knows, but it'll happen. Nothing is not eternity. I've not bulls/bears. I just waiting 1,5% drop, after that train coming down and time to buy shorts. Only thing is avoid traps. Tuesday is traditionally sell-off day, maybe it's time to strike...
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TR EK
TR EK Dec 11, 2020 5:34AM ET
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SP50.26 TP49.67 SL50.53
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Sergo MeM
Sergo MeM Dec 11, 2020 5:34AM ET
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👍
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Stephen Cassar
stephen87 Dec 11, 2020 5:33AM ET
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on our local news, astrazeneca russian branch  would use russian sputnik vaccine in further clinical trials, davaj davaj
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Ali Ahsan
Ali Ahsan Dec 11, 2020 5:29AM ET
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It's enough now... Be ready for red candle now......
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CAC Invest
CAC Invest Dec 11, 2020 5:29AM ET
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55 55 55..
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Akposiegbe Kelvin
Akposiegbe Kelvin Dec 11, 2020 5:05AM ET
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seems we go down no further but I'll wait for a good close of the current 4H candle to confirm.
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Kurt Maxberry
NEVERLONG Dec 11, 2020 4:51AM ET
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I was wrong Ill be the first to say it today.
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Kurt Maxberry
NEVERLONG Dec 11, 2020 4:51AM ET
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Nikolai Nikolaichev  That's really not true. Who ever said that is always wrong. Must been warren buffet because he is in cash atm... Waiting for a huge dip.. Airlines might never make it back.
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Stephen Cassar
stephen87 Dec 11, 2020 4:51AM ET
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Kurt Maxberry  warren buffet, did not knew when to get out of the airlines stocks, he went out after they crashed
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Thomas Rick
TRex Dec 11, 2020 4:51AM ET
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Stephen Cassar  But where did he then invest and did that yield a greater return than waiting out the sour airline sector?
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Stephen Cassar
stephen87 Dec 11, 2020 4:51AM ET
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Nikolai Nikolaichev  there is no 100% safe entry, save life button, keep learing and trade with the trend.
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Stephen Cassar
stephen87 Dec 11, 2020 4:51AM ET
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Thomas Rick  as far as i know, he bought same major shareholdings in big japanese manufacturers, dont know about the US
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Kurt Maxberry
NEVERLONG Dec 11, 2020 4:03AM ET
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https://invst.ly/t3ne3 You seen it first. hahaa
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Thomas Rick
TRex Dec 11, 2020 4:03AM ET
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Wait what- that's my line....
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Thomas Rick
TRex Dec 11, 2020 4:03AM ET
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Ha I looked- the famous old woman chart- sagging B's & B... lol
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Thomas Rick
TRex Dec 11, 2020 4:03AM ET
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We need to revisit this all on todays close.
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Kurt Maxberry
NEVERLONG Dec 11, 2020 4:03AM ET
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Thomas Rick  Yes we do I'm interested in 51.33 its just a fixation or OCD I have.
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Thomas Rick
TRex Dec 11, 2020 2:41AM ET
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Kids- you saw it here first...:   https://invst.ly/t3m5n
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Thomas Rick
TRex Dec 11, 2020 2:41AM ET
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Kami Kaze  True enough- the pattern is somewhat of a cliché but does print on occasion.  Far more common in the last few years has been an odd ascending double top with sharp break.  I post on chart to simply suggest topping action- the important bits on that chart is the price action on the cross channel daily and the level represented by the weekly resistance.
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Thomas Rick
TRex Dec 11, 2020 2:41AM ET
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Boy I can be too serious- grant me some leeway.. LOL
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Kami Kaze
Kami Kaze Dec 11, 2020 2:41AM ET
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Thomas Rick  Haha, leeway granted :P  It is an interesting observation.
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Mr Worldwide
Mr Worldwide Dec 11, 2020 2:41AM ET
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no way h&s, h1 trendline is strong, could visit 4928 & carry on, also could go straight 5140 or more
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Thomas Rick
TRex Dec 11, 2020 2:41AM ET
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Mr Worldwide  We have three options- rejection on weekly, a cross and either maintained daily bull or consolidation and test of new support, or "trade the line" where price continues to test resistance.  If rejection a "top" will print.  It's form useful for close entries but otherwise academic.   I am not a big fan of the cross- I rather think that starts printing a unhealthy rally- the current bull trend is enough, there is time enough for price growth.   So I am betting trade the line or rejection and retrace a bit.   There goes that serious tone again...
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احسان صادق پور
احسان صادق پور Dec 11, 2020 2:30AM ET
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maybe closing over 52
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Stephen Cassar
stephen87 Dec 11, 2020 1:30AM ET
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seems everything gonna  toppler over
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Thomas Rick
TRex Dec 11, 2020 1:30AM ET
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Stephen Cassar  You and me both brother..
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Thomas Rick
TRex Dec 11, 2020 1:30AM ET
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But heck- what do I know- the current cross channel bull could break the line and head for the test of stronger resistance at $57.5-$58.  That just seems a bit excessive- what's the rush...
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Stephen Cassar
stephen87 Dec 11, 2020 1:30AM ET
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Thomas Rick  but with the market hype as it is,I wont say sure, but big probability we could see it within a month or 2. as long as this F covid turns better , let it go as high as it wants
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Thomas Rick
TRex Dec 11, 2020 1:30AM ET
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Stephen Cassar  Yeah- agree- I am watching when price prints the test of descending weekly overhead resistance- my take it that will occur out in March- April.  My take is that line will fail then will likely see rally over line then consolidation with either sideways trade or even the common "trade the line" on the new descending support.   We need to talk in May and see how this all plays out.  I am happy with my current analysis.
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Thomas Rick
TRex Dec 11, 2020 1:30AM ET
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Close today will be telling IF over line- otherwise just wide open trade and we have to see what prints...
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Thomas Rick
TRex Dec 11, 2020 1:22AM ET
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What say boys- a close on week at $49.65 would be a nice clean technical marker..
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Akposiegbe Kelvin
Akposiegbe Kelvin Dec 11, 2020 1:22AM ET
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49,4+
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Thomas Rick
TRex Dec 11, 2020 1:22AM ET
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Sergo- lets split the difference- $9.575...
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Stephen Cassar
stephen87 Dec 11, 2020 1:22AM ET
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Thomas Rick  i have 49.93 mr
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Thomas Rick
TRex Dec 11, 2020 1:22AM ET
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Stephen Cassar  On what period chart?
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Thomas Rick
TRex Dec 11, 2020 1:22AM ET
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I am seeing some wiggle room on weekly close on line- maybe a 1/4 point....
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Yourmomsmomma YMM
Yourmomsmomma YMM Dec 11, 2020 12:24AM ET
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This is closing at 49.15 today. Bye guys.
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Michael Bouloubasis
Michael Bouloubasis Dec 10, 2020 11:51PM ET
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My info is 47,8 lowest.
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Michael Bouloubasis
Michael Bouloubasis Dec 10, 2020 11:51PM ET
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Quantum Power bad news
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Akposiegbe Kelvin
Akposiegbe Kelvin Dec 10, 2020 11:51PM ET
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47,8 led us close to 50 b4 this current rally from 48,12. Ya exactly quantum power, what's gonna cause such a sell off. There'll be a stimulus soon okay, the market cares not about the lockdowns, daily increase in corona virus infections and weak demand. Only OPEC pumping more than 500kbpd in January, failure in vaccines, surprisingly no stimulus deal from the U,S could take this down by a mile. Even with all those possible factors for a drop the market may ignore bcus if a 15m barrel build in crude inventory couldn't hit the price down then we just have to respect the technicals of the chart and keep the fundamentals until next year.
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Quantum Power
Quantum Power Dec 10, 2020 11:51PM ET
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Thanks mate. Which bad news? Aren't vaccines getting approved?
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Akposiegbe Kelvin
Akposiegbe Kelvin Dec 10, 2020 11:51PM ET
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Japan secured 120mill worth of astra zeneca vaccines and 120million of Pzfier. FDA closing in on approving Pzfier's vaccines and vaccination could start In few weeks. I don't see any bad news expect brexit failure, Libya's 12mbd addition, Germany's lockdowns and honestly the market cares less. Like Mr worldwide said: "Oil is defying all odds!!!" and that's the case. Remember, ECB pumped €500billion into the market but I still feel the market is driven by something else that's why we gat to respect the trend.
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Quantum Power
Quantum Power Dec 10, 2020 11:51PM ET
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Are you sure that target isn't for WTI. Everything is going up.
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Akposiegbe Kelvin
Akposiegbe Kelvin Dec 10, 2020 10:50PM ET
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I think Equities and oil may take a breather today but oil shouldn't go below 48,12 to maintain the bull and it won't. Realistic targets are 49,80, 49,36 and unlikely, 48,99.The market is call for a stimulus!!!
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Thomas Rick
TRex Dec 10, 2020 10:50PM ET
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Good for you to start so young. You will do well.
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Akposiegbe Kelvin
Akposiegbe Kelvin Dec 10, 2020 10:50PM ET
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I appreciate
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Mr Worldwide
Mr Worldwide Dec 10, 2020 10:50PM ET
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Thomas Rick  actually it's bearish -112$, 72$, 66$, 50$- in monthly :)
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Akposiegbe Kelvin
Akposiegbe Kelvin Dec 10, 2020 10:50PM ET
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Ya that's if you consider it in a monthly frame perspective.
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Thomas Rick
TRex Dec 10, 2020 10:50PM ET
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Mr Worldwide  - Look at my study charts- my take is bear trend is already broken ....It is my new pet theory...LOL
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Metske van der Wal
Metske van der Wal Dec 10, 2020 10:42PM ET
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Back to the 40's
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Kurt Maxberry
NEVERLONG Dec 10, 2020 10:42PM ET
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not yet mister. a few days of this will settle any granger of your desires..
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Alexander Korznikov
Alexander Korznikov Dec 10, 2020 10:42PM ET
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with such momentum it may easily jump to 53.5 and even more
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Akposiegbe Kelvin
Akposiegbe Kelvin Dec 10, 2020 10:42PM ET
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next target is 52,3+
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Mr Worldwide
Mr Worldwide Dec 10, 2020 10:42PM ET
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2 world wars & no videogames, no thank u
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