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Crude Oil Brent F Apr '18 (QAJ18)

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Crude Oil Brent (F) Prices for [[ item.sessionDateDisplayLong ]]
Find the latest Crude Oil Brent (F) prices and Crude Oil Brent (F) futures quotes for all active contracts below.
[[ timeframe ]] futures price quotes as of Mon, Dec 5th, 2022.
Latest price quotes as of [[ snapshotDate ]].
[[ timeframe ]] futures price quotes, based on [[ timeframe ]] data.
Looking for expired contracts? Check out our Crude Oil Brent (F) Historical Prices page.

Crude Oil Brent (F) Futures Market News and Commentary

Crude Prices Retreat as EU Agrees to a Price Cap on Russian Crude

Jan WTI crude oil (CLF23) on Friday closed down -1.24 (-1.53%), and Jan RBOB gasoline (RBF23) closed down -6.16 (-2.63%).  

Crude oil and gasoline prices Friday gave up early gains and closed moderately lower.  The action by the European Union (EU) Friday to agree to a price cap on Russian crude at $60 a barrel weighed on energy prices.  Crude prices Friday morning initially moved higher after the dollar index (DXY00) tumbled to a 5-month low.  Also, easing Covid restrictions in China is bullish for crude as it may boost economic activity that supports energy demand in China, the world's largest crude importer.  

A bearish factor for crude was Friday's decline in the crack spread to a 2-1/4 month low.  A weaker crack spread discourages refiners from purchasing crude oil to refine into gasoline and distillates.

OPEC+ will meet this Sunday, and the consensus is for the group to keep production unchanged.  However, the market will be on guard for a production cut afte... Read more

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