Oil Price in United Kingdom — Brent & WTI Crude Today
Live Brent and WTI crude oil prices with real-time charts. Track how global oil prices affect energy costs in United Kingdom. United Kingdom consumes approximately 1.4 million bbl/day of crude oil.
Brent Crude Oil
$74.58
USD / barrel
Updated: 2026/3/29 01:35:47
WTI Crude Oil
$70.21
USD / barrel
Updated: 2026/3/29 01:35:47
Brent–WTI Spread
$4.37
Brent $74.58 − WTI $70.21
The Brent-WTI spread reflects the price premium of Brent over WTI crude oil. A moderate spread suggests normal market conditions.
Oil Market & United Kingdom
The United Kingdom is historically tied to Brent crude, which is named after the Brent oilfield in the North Sea. Although UK North Sea production has declined, the country remains an important player in global oil trading through London's ICE exchange.
As an oil-producing nation, United Kingdom's government revenues and economic outlook are closely linked to global crude prices. OPEC+ decisions, geopolitical tensions, and demand forecasts from major consuming nations all influence the price of oil that United Kingdom produces and trades.