Brent Crude Oil Spot Price Daily History

Daily Brent crude oil spot price data sourced from the U.S. Energy Information Administration via the Federal Reserve Economic Data (FRED) platform. The dataset provides a global oil benchmark. The specific time range, row count, and last update date are unknown.

Use Cases

• Modeling energy price volatility based on daily spot price data.
• Analyzing macroeconomic correlations based on a key global commodity benchmark.
• Forecasting future oil prices based on historical daily trends.

Strengths

• Data originates from authoritative sources: the U.S. Energy Information Administration and FRED.
• The dataset provides a daily frequency, which is suitable for high-resolution time-series analysis.

Limitations

• Row count is unknown, which may limit suitability assessment.
• Column-level documentation is absent; field semantics must be inferred after download.
• Last update date is unknown; freshness unverified.

Provenance

Source

U.S. Energy Information Administration (EIA) via Federal Reserve Economic Data (FRED)

Geography

Global benchmark