Oil Price in Japan — Brent & WTI Crude Today
Live Brent and WTI crude oil prices with real-time charts. Track how global oil prices affect energy costs in Japan. Japan consumes approximately 3.3 million bbl/day of crude oil.
Brent Crude Oil
$73.82
USD / barrel
Updated: 2026/3/29 01:35:47
WTI Crude Oil
$70.05
USD / barrel
Updated: 2026/3/29 01:35:47
Brent–WTI Spread
$3.77
Brent $73.82 − WTI $70.05
The Brent-WTI spread reflects the price premium of Brent over WTI crude oil. A moderate spread suggests normal market conditions.
Oil Market & Japan
Japan is a major oil importer with virtually no domestic production. The country relies heavily on Middle Eastern crude priced against Brent, and oil price fluctuations have an outsized impact on its trade balance and energy costs.
As a net oil importer, Japan 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.