Energy
BRENT/USD — Brent Crude Oil
3 – 8 cents · 1.50 – 3.50 USD
Brent is the global crude benchmark and the reference for European and Asian pricing. It is slightly less jumpy than WTI but reacts harder to geopolitical supply risk.
Risk first
Numbers below are typical ranges, not guarantees — spreads, swaps and volatility differ per broker and market regime. Size every position from your stop distance and account risk, never from a fixed lot habit.
Contract specifications
| Spec | Value |
|---|---|
| Contract size | 1.00 lot = 1,000 barrels |
| Pip / tick value | 0.01 → 10 USD / 1.00 lot |
| Typical spread | 3 – 8 cents |
| Typical daily range | 1.50 – 3.50 USD |
| Best trading hours | London and New York sessions |
What moves this market
- ▸Middle East and shipping-route risk
- ▸OPEC+ supply policy
- ▸Global demand indicators
Correlations to watch
- ▸Very high to WTI — never treat as two trades
- ▸Negative to USD/NOK
How traders approach it
- ▸Swing trades on supply-cycle themes
- ▸Brent–WTI spread awareness
- ▸Level-to-level intraday trades in London
Typical mistakes
- ▸Trading Brent and WTI simultaneously as diversification
- ▸Ignoring weekend geopolitical gap risk
Related instruments
Analyse it in FX CURIO
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