Oil Price in Australia — Brent & WTI Crude Today
Live Brent and WTI crude oil prices with real-time charts. Track how global oil prices affect energy costs in Australia. Australia consumes approximately 1.0 million bbl/day of crude oil.
Brent Crude Oil
$74.45
USD / barrel
Updated: 2026/3/29 01:35:47
WTI Crude Oil
$69.89
USD / barrel
Updated: 2026/3/29 01:35:47
Brent–WTI Spread
$4.56
Brent $74.45 − WTI $69.89
The Brent-WTI spread reflects the price premium of Brent over WTI crude oil. A moderate spread suggests normal market conditions.
Oil Market & Australia
Australia imports the majority of its refined fuel products, making it vulnerable to global oil price swings. Brent crude serves as the primary benchmark for Australian fuel pricing, and domestic petrol prices closely track Brent movements.
As a net oil importer, Australia is sensitive to global crude price movements. Higher Brent prices translate to increased fuel costs at the pump, higher manufacturing input costs, and potential inflationary pressure across the economy.