Brent Crude Oil (BRENTOIL) Price on Hyperliquid

Brent crude is the international benchmark for oil prices, used to price two-thirds of global oil supply. Trade Brent oil perpetual futures on Hyperliquid via trade.xyz.

BRENTOIL is a cash-settled perpetual futures contract on Hyperliquid, deployed via trade.xyz as a HIP-3 builder market. Unlike traditional futures, there is no expiry date and no physical delivery — positions roll continuously with funding rates settling every hour. All margin is denominated in USDC, and you can trade with up to 20x leverage.

HIP-3 markets extend Hyperliquid beyond crypto, bringing equities, commodities, and indices on-chain with 24/7 trading, no KYC, and the same on-chain order book infrastructure that powers Hyperliquid's native perpetuals.

Brent crude is the international oil benchmark — pricing roughly two-thirds of the world's internationally traded crude (per ICE, which operates the Brent futures complex) and acting as the reference for refined products, marine fuel, and macro inflation models. Traditional Brent futures (ICE BRN) require a futures broker, expire monthly with physical or financial settlement complexity, and stop trading on weekends just as OPEC announcements and Middle East developments hit the wire. Brent on Hyperliquid via trade.xyz is a perpetual contract: no expiry, no roll, hourly funding instead of monthly basis decay. It settles in USDC against the trade.xyz spot Brent oracle, so a Friday-evening OPEC+ headline or a Sunday-night Middle East escalation can be traded immediately rather than waiting for Globex to reopen. For traders running macro overlays — long crude / short crude as an inflation expression, or hedging energy-sector equity exposure — this matters: the most violent oil moves of the past three years have started outside US futures hours. KYC-free access at the maximum leverage the trade.xyz deployer sets on BRENTOIL (20x when the Hyperliquid API was read on 25 August 2026, and always shown live in the contract-specs table on this page) means a retail trader without a futures account can take the exposure they would otherwise need a broker like Interactive Brokers or NinjaTrader to enable.

BRENTOIL-PERP tracks the spot Brent crude price via the trade.xyz oracle. Hourly funding settles continuously, so the contango/backwardation premiums embedded in traditional Brent futures roll do not apply — perp price tracks spot, with funding rate carrying the cost of leverage. Liquidity is deepest during the European morning and overlapping US session. Watch OPEC+ ministerial meetings, weekly EIA inventory reports (Wednesdays), and US-Iran headline risk for the largest single-day moves.

The crude oil price quoted on this page is Brent, which is what most people mean when they ask for an oil price: it sets the reference for roughly two thirds of internationally traded barrels. The American benchmark is separate, and WTI trades here as CL, usually a few dollars below Brent. A third oil ticker exists and is worth knowing about before you go looking for it: the Felix HIP-3 venue lists a market called simply OIL (`flx:OIL`, 15x maximum leverage). It is listed, but it is not traded. Checking the Hyperliquid `metaAndAssetCtxs` endpoint for the `flx` DEX on 25 August 2026 returned zero open interest and zero 24-hour volume against it, while BRENTOIL turned over roughly $88M and CL roughly $129M on the same call. Search engines still surface the Felix market page for generic oil queries, so if you land there and the book looks empty, that is why: the liquidity on Hyperliquid sits in the two trade.xyz contracts. Energy traders rarely watch crude alone. The natural gas perpetual market is the other half of the energy book on Hyperliquid, and it runs on a completely different driver set: storage reports and weather models rather than OPEC+ and Middle East supply risk. If Brent is the position you actually want, you can trade Brent through our referral link for an automatic fee rebate.