Brent Crude Oil Price

Formula

Brent = ICE Brent front-month futures settlement (USD/barrel)

• Spot Brent – Dated Brent benchmark (ICE)
• OPEC+ supply decisions – Production quota adjustments
• Global demand proxy – PMI composites, China imports

Why It Matters

Brent is the global oil benchmark — the single most important input for EM current accounts, imported inflation, and energy security ratios. For India, every $10/bbl Brent move shifts the current account by ~0.4% of GDP. Oil shocks propagate to bond yields via inflation expectations and to FX via terms-of-trade.

Institutional Use

Energy desks, EM sovereign analysts, and inflation traders anchor to Brent. IEA and OPEC monthly reports contextualise supply-demand. GraphiQuestor tracks Brent on the Regime Digest vitals strip and Energy Commodities Lab.

How to Read It