Oil price trend: Brent price today

Oil price trend

If you want to be constantly updated on oil price trends, FT Mercati offers a professional service to keep you up-to-date on oil and Brent prices.

Oil prices can be used as indicators of upcoming economic events. For example, a rise in the price of oil may signal incoming economic growth, while a fall may indicate a recession. For this reason, it is crucial to be constantly updated on the quotations of this very important commodity.

Main factors influencing oil prices

• Global demand: demand for oil is growing slightly, supported by the post-pandemic economic recovery and growing demand in Africa and Asia. The economic cycle is particularly affecting the demand for oil products.
• Supply increase: OPEC, the alliance of major oil producers, may decide to gradually increase oil production during the year, leading to an increase in supply and pressure on prices.
• Release of strategic reserves: the US and other countries can release strategic oil reserves to counter rising prices.

Discover the FT Mercati Platform

If oil price trends are strategic information for your business, you can benefit from numerous advantages with the FT Mercati Platform.

Discover the FT Mercati Platform