Oil Price in South Korea — Brent & WTI Crude Today
Live Brent and WTI crude oil prices with real-time charts. Track how global oil prices affect energy costs in South Korea. South Korea consumes approximately 2.7 million bbl/day of crude oil.
Brent Crude Oil
$75.03
USD / barrel
Updated: 2026/3/29 01:35:47
WTI Crude Oil
$71.00
USD / barrel
Updated: 2026/3/29 01:35:47
Brent–WTI Spread
$4.03
Brent $75.03 − WTI $71.00
The Brent-WTI spread reflects the price premium of Brent over WTI crude oil. A moderate spread suggests normal market conditions.
Oil Market & South Korea
South Korea is a major oil importer and one of the world's largest petroleum refining hubs. Korean refiners purchase Brent-linked crude from the Middle East and export refined products across Asia, making Brent prices central to the Korean energy economy.
As a net oil importer, South Korea 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.