CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. Between 74-89% of retail investor accounts lose money when trading CFDs. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
Brent Crude oil is a standard in the international trade of oil. Brent Crude is a worldwide benchmark and is traded in London. The price is quoted for one barrel of oil (one barrel is 159 liters). Another well-known benchmark is West Texas Intermediate (WTI), which is traded in New York.
The oil price depends on many factors: economic growth, decisions by OPEC, speculation... Speculating on a rising or falling oil price is very popular among investors. This can be done by buying an oil tracker on the stock market, such as BNO (United States Brent Oil Fund), which is listed on the American Stock Exchange.
Trading in oil can also be done using the platform of Plus500. You can test the platform with a free demo. Click here to trade oil on Plus500.
What is the price of oil today? See the current price below and also see the oil price chart.
