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    Brent Crude Oil Exchange Update, Chart & History

    OIL Markets Update - Our review of Brent Crude Oil Forecasts and News plus Charts and Historic Rates. Check OIL Trends over various time periods.

     

    Brent Crude Oil (OIL) Market Update

    Based on recent exchange rate analyst forecasts and market updates, the OIL currency pair has displayed notable volatility across major currencies. OIL to USD is currently trading at 84.75, slightly above its 3-month average of 84.21, with a range from 77.54 to 89.50 showing significant fluctuations. Similarly, OIL to EUR is at 77.76, just below its 3-month average, having experienced a wide range of 17.4% from 71.27 to 83.67. OIL to GBP sits at 65.47, which is 1.4% below its 3-month average of 66.4, with a substantial range of 18.0% from 60.72 to 71.67. Lastly, OIL to JPY stands at 13329, slightly above its 3-month average of 13250, with a range spanning from 12009 to 14150, reflecting the considerable fluctuations in this currency pair.

    FX analysts are closely monitoring the intricate dynamics of the oil market, as it continues to play a fundamental role in global economies despite increasing sustainability efforts and disruptive technologies altering demand patterns. The consistent growth in oil demand aligned with global GDP over the decades highlights its indispensable nature, while the evolving landscape suggests shifts in consumption patterns across key sectors. Geopolitical influences and market trends will likely shape the future trajectory of oil prices, impacting currency pairs linked to this crucial commodity. Traders and businesses involved in international transactions should remain vigilant of these factors to navigate the fluctuations in OIL currency pairs effectively.

     

    Brent Crude Oil to US dollar - OIL/USD Trend

     
    OIL to USD is at 30-day lows near 82.65, 1.7% below its 3-month average of 84.11, having traded in a very volatile 15.4% range from 77.54 to 89.50
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    1 OIL =
    82.63We compare provider deals to this wholesale mid-market rate. Read more
    USD
     
    -2.4%
    1M
     
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    Compare & Save on Exchange Rates

    Exchange rates can vary significantly between banks and currency exchange providers, so it's important to compare rates from different sources before making a conversion.

    The below table makes it easy to calculate and compare the Total Cost you are being charged on currency rates and the possible savings of using a foreign exchange provider rather than your bank.

     

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