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Crude Oil Brent Jul '29 (CBN29)

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Crude Oil Brent Prices for [[ item.sessionDateDisplayLong ]]
Find the latest Crude Oil Brent prices and Crude Oil Brent futures quotes for all active contracts below.
[[ timeframe ]] futures price quotes as of Fri, Dec 19th, 2025.
Latest price quotes as of [[ snapshotDate ]].
[[ timeframe ]] futures price quotes, based on [[ timeframe ]] data.
Looking for expired contracts? Check out our Crude Oil Brent Historical Prices page.

Crude Oil Brent Futures Market News and Commentary

Crude Oil Prices Rise on Geopolitical Risks and Energy Demand Optimism

January WTI crude oil (CLF26) today is up +0.28 (+0.50%), and January RBOB gasoline (RBF26) is up +0.0006 (+0.04%).

Crude oil and gasoline prices are stronger today.  Crude prices are supported amid heightened geopolitical risks in Venezuela and Russia.  Also, today's stock rally boosts optimism about the economic outlook, which is supportive of energy demand.  Gains in crude are limited after the dollar index (DXY00) climbed to a 1-week high today.  Also, a bearish global supply outlook continues to limit the upside in crude prices.

Weakness in the crude crack spread is bearish for crude prices.  The crack spread fell to a 6-month low today, discouraging refiners from purchasing crude oil and refining it into gasoline and distillates.

Escalation of global geopolitical tensions is supportive for crude prices.  President Trump late Tuesday night ordered a "total and complete blockade of all sanctioned oil tankers" going into and leaving Venezuela.  Also, the US is c... Read more

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