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Crude oil, Brent (World Bank) is the UK Brent grade with 38° API gravity, used as a key benchmark for the global oil market in the energy sector calculated by the World Bank, serving as a price reference for international trades. In 2026 prices ranged from 62.70 USD/bbl. to 120.40 USD/bbl. with an average of 84.05 USD/bbl. The index is based on Brent spot prices.