Crude oil brent price bloomberg
Brent Crude Oil contract is based on price for light sweet North Sea crude oil and serves as an international benchmark grade. It is traded at a spread to the WTI light sweet crude oil contract. Brent is refined in Northwest Europe, but significant volumes are delivered to the US Gulf and East Coasts and to the Mediterranean. Crude Oil Price Prediction - The Balance Mar 28, 2020 · Oil Price Forecast 2025 and 2050 . The EIA forecasts that, by 2025, the average price of a barrel of Brent crude oil will rise to $81.73/b. This figure is …