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Brent Crude Oil

UK Brent Oil

UK Brent Oil refers to crude oil extracted from the North Sea region, primarily the United Kingdom. It serves as a key benchmark for global oil prices due to its high quality and consistent production.

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Annual change
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All time High / Low
15.78 / 131.06
Buy

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Sell

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-.-
Daily price range:
Low
79.01
High
79.88

UK Brent Oil Contract Specifications

  • Minimum Spreads, points: 0
  • Contract Size per Lot: 1000
  • Swap type: Points
  • Swap Long: 0.38
  • Swap Short: -4.46
  • Margin Group: FX Majors
  • Margin Currency: USD
  • Tick size: 0
  • Trading Platform: MetaTrader 4
  • Minimum Volume: 0.01
  • Maximum Volume: 0
  • Trading Schedule EET: 00:00 - 23:59 Mon - Fri
  • Hedged Margin: 1
  • Days Swap: FX Wednesday, metals-indices-oil friday

History of UK Brent Oil

Brent crude oil, named after the North Sea field where it was first produced in the early 1970s, has a rich history as a global benchmark for oil prices. Its discovery and subsequent development played a pivotal role in the emergence of the North Sea as a major oil-producing region. Over the years, Brent oil became a standard reference point for global oil prices, with its low sulfur content and high API gravity making it ideal for refining into fuels. Despite declining production from the North Sea fields, Brent oil’s influence on global oil markets remains significant, and it continues to be a crucial benchmark for pricing and trading in the oil industry.

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Frequently Asked Questions

UK Brent Oil, often referred to as Brent crude, is a specific type of high-quality, low-sulfur crude oil produced in the North Sea, with a naming origin from the Brent oilfield. It serves as a crucial benchmark in global oil markets, influencing prices and trading worldwide. Known for its excellent refining properties, Brent oil plays a pivotal role in the production of gasoline and diesel fuels. Its pricing and market dynamics are closely watched, making it a vital reference point for the energy industry and financial markets worldwide.

To trade the UK Brent Oil, you’ll need to open an account with a reputable online trading platform that offers Brent Crude oil as a tradable instrument. Once your account is set up and funded, analyze the market, choose your trading strategy, and place your trade on the platform. Monitor your trade, set stop-loss and take-profit orders to manage risk, and stay informed about market developments. Trading oil involves risk, so it’s crucial to have a solid trading plan, risk management strategy, and a disciplined approach to trading.

The trading hours for UK Brent Oil can be found here

Trading strategies for UK Brent Oil (Brent Crude) encompass various approaches to capitalize on its price movements. Common strategies include trend following, which involves identifying and trading in the direction of prevailing trends; breakout trading, which seeks opportunities when prices breach key support or resistance levels; and fundamental analysis, focusing on supply and demand factors, geopolitical events, and economic data. Range trading, swing trading, and news trading are also prevalent strategies, catering to different market conditions and timeframes. Traders should carefully assess market conditions, risk tolerance, and trading goals to select the most suitable strategy for their needs.

When trading UK Brent Oil (Brent Crude), consider several critical factors. Firstly, monitor global oil supply and demand dynamics, including geopolitical events, OPEC decisions, and production levels. Keep a close eye on economic indicators, as they can impact oil prices. Additionally, be aware of market sentiment and technical analysis, as these can provide insights into short-term price movements. Risk management is vital; set stop-loss orders to limit potential losses. Lastly, consider the broader economic and political landscape, as events like sanctions, conflicts, and economic crises can have significant effects on oil prices. Stay informed, have a well-defined trading plan, and continuously adapt your strategy to changing market conditions.