BCO/USD

BCOUSD CFD is a product offered by OANDA Singapore, based on Brent Crude Oil futures. Trade the price movement of the global benchmark for crude oil. Its price is influenced by supply, demand, and geopolitical events. Track the Brent Crude Oil price movements and their impact on energy markets.

The physical Brent Oil serves as a crucial benchmark for crude oil, primarily sourced from the North Sea's Brent oil fields, among others in Europe and Africa. Recognized for its high quality, characterized by its light composition and low sulfur content, this makes it highly valued in the global market, serving as a key global benchmark for crude oil prices, alongside WTI (West Texas Intermediate).