Brent Crude Oil Price in Gold

The Brent Crude Price in Troy Ounces of Gold function returns the value of a barrel of Brent Crude oil in gold

The Math / Science

Brent Crude is a benchmark in oil pricing.  The markets fluctuate, the dollars per barrel are captured here hourly.  In a similar vein, the value of gold fluctuates.  This function captures both and gives the up to date equivalent value of Brent Crude in US dollars ($) and troy ounces of gold.  

`BTCB = "USD"/"bbl Brent Crude" * "Gold"/"USD" = ($75.04)/"1 Barrel Brent Crude" * ("1.0 troy ounce Gold")/($3119.71) = 0.024 OTZ`

where:

• BTCB = Bitcoins per barrel of Brent Crude Oil

Gold Spot Price:$3119.71

Oil Value in Dollars, Gold and Bitcoin:

• West Texas Intermediate Dollars per Barrel: $71.83/bbl
• West Texas Intermediate Price per Barrel in Gold: 0.023 OZT
• West Texas Intermediate Price per Barrel in Bitcoin: ₿ 0.000831
• Brent Crude Oil Dollars per Barrel: $75.04/bbl
• Brent Crude Oil per Barrel in Gold: 0.024 OZT
• Brent Crude Oil per Barrel in Bitcoin: ₿ 0.00086813