Brent Oil (BCO) Price Today, Forecasts & News

Stats

Prev. Close

83.948

High

84.001

Low

83.05

Ask

83.315

Bid

83.185

Spread

0.1300

Price Drivers

Euro Area GDP Annual Growth Rate

United States Interest Rate

Value:0.40%

Strong Euro Area GDP Growth is bullish for Brent oil as demand for oil grows together with the economy.

EUR/USD

S&P Industrial Sector

Value:$1.08612

Weaker EUR/USD is bearish for Brent oil as Brent oil is quoted in U.S. dollars

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Economic CalendarAll Events

Time zone: GMT

Tuesday, May 21st 2024
Time	Currency	Event	Impact	Actual	Consensus	Previous
00:30	AUD	Westpac Consumer Confidence ChangeMay	High	-0.3%	0.9%	-2.4%
01:30	AUD	RBA Meeting Minutes	High
06:00	EUR	PPI YoYApr	Medium	-3.3%	-3.2%	-2.9%
07:50	CNY	FDI (YTD) YoYApr	Medium		-25.0%	-26.1%
09:00	EUR	Balance of TradeMar	Medium		€19.9B	€23.6B
12:30	CAD	Core Inflation Rate YoYApr	Medium		2%	2%
12:30	CAD	Inflation Rate MoMApr	Medium		0.5%	0.6%