expand/collapse risk warning

CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 82% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 82% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

82% of retail investor accounts lose money when trading CFDs with this provider.


Brent Oil price live

Trade the most popular, headline-grabbing commodities with Skilling!

[[ data.name ]]

[[ data.ticker ]]

[[ data.price ]] [[ data.change ]] ([[ data.changePercent ]]%)

Low: [[ data.low ]]

High: [[ data.high ]]



Differences between Investing vs Trading



Differences between Investing vs Trading

XBRUSD is the ticker used for the spot commodity, Brent Crude Oil (UK Oil). It’s known as a spot commodity because you buy it on the spot, i.e. the price you pay for the commodity is whatever it is at the time. Brent Crude Oil is produced in the North Sea, off the UK coastline.

It’s sometimes known as British Petroleum, and it sets the benchmark for over 60% of the world’s oil purchases. This is because a lot of the oil produced in Europe, the Middle East and Africa is priced relative to Brent Crude Oil. Because of this, the XBRUSD trading market has a high degree of liquidity. Moreover, the XBRUSD price has global significance. Indeed, with oil still an integral source of energy, there’s a constant demand for it. Although supply and demand ebbs and flows, Brent Crude Oil is a popular commodity. Therefore, the XBRUSD trading markets are often affected by geopolitical and economic events.

Brent oil and other commodities

There is a well-known saying on Wall Street that "commodities always move in tandem." By this, it is meant that the prices of different commodities (e.g. gold, oil WTI, natgas, silver, platinum) are often highly correlated with each other. In other words, when the price of one commodity goes up, the prices of other commodities often tend to follow suit. There are a number of reasons for this strong relationship between commodities.

One is that commodities are often used as inputs in the production of other goods and services. For example, crude oil is used to produce gasoline, which is then used to power cars and trucks. As the price of crude oil goes up, the price of gasoline also tends to increase. This ultimately leads to higher prices for many other goods and services as companies pass on their higher costs to consumers. Another reason for the close relationship between commodities is that they are often traded in similar markets and subject to similar economic forces.

The price of XBRUSD is based on a single barrel. For example, if the XBRUSD price is quoted as $40, that means the price is 1 XBR (i.e. barrel of Brent Crude Oil) costs $40. The price of Brent Crude Oil can and does vary depending on global events.

Regional and global economics can affect the XBRUSD price chart, as can political instability and the US dollar’s performance. Supply issues or changes in demand will also change the value of XBRUSD. Crude oil reports, which are released weekly, also have an impact on the market. Finally, renewables will influence the future of XBRUSD prices. With the move toward environmentally friendly products, demand for Brent Crude Oil could decrease. This, in turn, will see energy companies pivot and invest more in renewables.

Why trade XBRUSD? Brent Crude Oil is an essential commodity, but its price can fluctuate based on industry reports and global events. Therefore, having the ability to speculate on price increases and decreases makes XBRUSD CFDs an attractive option.

Investing directly in barrels of Brent Crude Oil (i.e. owning the underlying asset) requires you to buy/sell futures contracts. Futures require a larger amount of starting capital than CFDs. That makes them more suited to experienced investors. For the general investor, trading XBRUSD CFDs can be a better option.

Swap long [[ data.swapLong ]] points
Swap short [[ data.swapShort ]] points
Spread min [[ data.stats.minSpread ]]
Spread avg [[ data.stats.avgSpread ]]
Min contract size [[ data.minVolume ]]
Min step size [[ data.stepVolume ]]
Commission and Swap Commission and Swap
Leverage Leverage
Trading Hours Trading Hours

* The spreads provided are a reflection of the time-weighted average. Though Skilling attempts to provide competitive spreads during all trading hours, clients should note that these may vary and are susceptible to underlying market conditions. The above is provided for indicative purposes only. Clients are advised to check important news announcements on our Economic Calendar, which may result in the widening of spreads, amongst other instances.

The above spreads are applicable under normal trading conditions. Skilling has the right to amend the above spreads according to market conditions as per the 'Terms and Conditions'.


Trade [[data.name]] with Skilling

Take a view on the commodity sector! Diversify with a single position.

  • Trade 24/5
  • Tight spreads
  • Average Execution at 5ms
  • Easy to use platform
Sign up


what is difference between Brent and crude oil?

+ -

Brent oil and WTI, or West Texas Intermediate oil, are two of the most commonly traded grades on the global market. The major difference between brent and wti is that brent oil is considered to be a benchmark for the majority of oils used in Europe, while wti is largely considered to be indicative of the price those in North America play for crude. Additionally brent's acidic levels tend to be lower than those found in wti, making brent more desirable for traders. As such brent typically trades at a higher price than wti – a factor all traders should pay attention to when trading either grade.

What does Brent oil stand for?

+ -

Brent oil comes from fifteen different fields located off the coast of Europe, centered around four major areas including the North Sea, Brent, Forties, and Oseberg. The acronym brent stands for “Broken-Rock-Extracting-Northern-Taran”, referring to three of the largest locations in its production sector. Brent Oil is known for its lasting impact on light sweet crude oil markets and remains an important commodity in production sectors across Europe.

How to trade brent oil?

+ -

With this particular type of oil, investors often use CFDs (contracts for difference) to ensure they get the most from their trading activities. CFDs allow a trader to take a long or short position on brent oil, meaning they can make money off rising or falling prices depending on their strategy.

Why Trade [[data.name]]

Make the most of price fluctuations - no matter what direction the price swings and without the restrictions that come with owning the underlying asset.

Actual Commodities

Capitalise on rising prices (go long)


Capitalise on falling prices (go short)


Trade with leverage


Trade on volatility


No commissions
Just low spreads


Manage risk with in-platform tools
Ability to set take profit and stop loss levels