Brent spot
The North Sea benchmark used to price much of the crude traded outside North America.
119.33
USD/bbl, −8.2% on the week
Brent spot (EIA, Europe), spot, week of October 16, 2026. Source: U.S. Energy Information Administration, via FRED (DCOILBRENTEU).
52 weeks of Friday closes
- Week
- −8.2%
- 13-week range
- 87.62 to 135.51
- 52-week range
- 61.35 to 135.51
- Over the year
- +81.4%
- Matters to
- Europe, Gulf, Asia
Where Canada sells it
Crude oil: C$155 billion of Canadian exports in the 12 months to August 2026, 13% of it outside the United States.
Source: Statistics Canada, Canadian International Merchandise Trade Web Application (catalogue 71-607-X), domestic exports, by destination.
Largest buyers outside the United States
| China | C$11.6 billion |
|---|---|
| United Kingdom | C$1.9 billion |
| Germany | C$1.5 billion |
| Netherlands | C$1.5 billion |
| South Korea | C$838 million |
| France | C$788 million |
Selling, buying or financing brent spot?
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