Commoditiesdaily
Brent Crude Oil
Brent crude oil daily spot price, the global benchmark. Convex frames the live reading with WTI-Brent spread analysis, OPEC dynamics, and cross-asset macro context.
The Brent Crude Oil is currently $71.59, last updated .
$71.59
1W +2.04%1M -29.60%3M -26.28%
Updated 5h agoStatistical forecast 2026
Model-based central estimate, 68% and 95% confidence bands for Brent Crude Oil, blended across current macro regimes.
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Commodities sit at the intersection of monetary and physical reality. Oil and gas prices flow almost directly into headline CPI, while copper and iron ore track global industrial activity ahead of official releases. Tracking each complex alongside its supply signal (EIA inventories, rig counts, seaborne cargo flows) separates genuine demand moves from inventory-cycle noise.
Updated 5h ago
Latest analysis · Brent Crude Oil
Energy · Jun 30, 2026
OPEC Is Raising Output Into a Strait That Won't Open
The cartel just approved a fourth straight production hike. With the Strait of Hormuz still closed and the UAE gone, the quota is a number on paper, not a barrel in a tanker.
Energy · Jun 29, 2026
The Strait Is Closed and Oil Fell Anyway. The Shock Is Latent, Not Gone
Hormuz has been shut since February, yet Brent dropped 20% toward $71 as the risk premium bled out. That gap between a closed chokepoint and a falling price is the whole scenario.
AI Analysis
Jul 2, 2026Brent at $71.59 (FRED, -27.31% 1M).
Recent Data
Download CSV| Date | Value | Change |
|---|---|---|
| Jun 29, 2026 | $71.59 | +2.04% |
| Jun 26, 2026 | $70.16 | -4.85% |
| Jun 25, 2026 | $73.74 | +2.29% |
| Jun 24, 2026 | $72.09 | -4.76% |
| Jun 23, 2026 | $75.69 | -1.05% |
| Jun 22, 2026 | $76.49 | -4.93% |
| Jun 19, 2026 | $80.46 | +1.40% |
| Jun 18, 2026 | $79.35 | -1.22% |
| Jun 17, 2026 | $80.33 | -0.21% |
| Jun 16, 2026 | $80.5 | -4.58% |
| Jun 15, 2026 | $84.36 | -4.83% |
| Jun 12, 2026 | $88.64 | -4.52% |
| Jun 11, 2026 | $92.84 | -3.02% |
| Jun 10, 2026 | $95.73 | +1.68% |
| Jun 9, 2026 | $94.15 | -3.40% |
| Jun 8, 2026 | $97.46 | +0.17% |
| Jun 5, 2026 | $97.29 | -1.71% |
| Jun 4, 2026 | $98.98 | -2.66% |
| Jun 3, 2026 | $101.69 | +3.25% |
| Jun 2, 2026 | $98.49 | +0.20% |
| Jun 1, 2026 | $98.29 | +5.82% |
| May 29, 2026 | $92.88 | -2.71% |
| May 28, 2026 | $95.47 | -1.69% |
| May 27, 2026 | $97.11 | — |
Related Analysis
Energy · Jun 30, 2026
OPEC Is Raising Output Into a Strait That Won't Open
The cartel just approved a fourth straight production hike. With the Strait of Hormuz still closed and the UAE gone, the quota is a number on paper, not a barrel in a tanker.
Energy · Jun 29, 2026
The Strait Is Closed and Oil Fell Anyway. The Shock Is Latent, Not Gone
Hormuz has been shut since February, yet Brent dropped 20% toward $71 as the risk premium bled out. That gap between a closed chokepoint and a falling price is the whole scenario.
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Frequently Asked Questions
▶What is Brent Crude Oil?
Brent crude oil daily spot price, the global benchmark. Convex frames the live reading with WTI-Brent spread analysis, OPEC dynamics, and cross-asset macro context.
▶How does Brent Crude Oil relate to commodities?
Brent Crude Oil is part of the Commodities category. Commodities sit at the intersection of monetary and physical reality. Oil and gas prices flow almost directly into headline CPI, while copper and iron ore track global industrial activity ahead of official releases. Tracking each complex alongside its supply signal (EIA inventories, rig counts, seaborne cargo flows) separates genuine demand moves from inventory-cycle noise.
▶How often is Brent Crude Oil updated?
Brent Crude Oil is updated once per day after market close. Each metric page on Convex shows the exact time of the last data update and provides historical data going back up to five years.
▶Where does Convex source Brent Crude Oil data?
Convex sources Brent Crude Oil data from the Federal Reserve Economic Data (FRED) API, maintained by the Federal Reserve Bank of St. Louis. Data is fetched automatically and displayed alongside interactive charts, AI analysis, and historical context.
▶What can I do on the Brent Crude Oil chart page?
The Brent Crude Oil page includes an interactive chart with selectable time ranges (1 month to 5 years), percentage changes over multiple timeframes, a table of recent readings, AI-generated analysis, and links to related metrics and comparisons.
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Data sourced from FRED, CoinGecko, CBOE, CFTC, and EIA. Updated daily. This page is for informational purposes only and does not constitute financial advice.