Brent Crude Oil Price in Bitcoin

` = "Bitcoins per Barrel"`

0.00075204

The Brent Crude Oil Price in Bitcoin function returns the value of a barrel of Brent Crude oil in Bitcoin

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 Bitcoin fluctuates. This function captures both and gives the up to date equivalent value of Brent Crude in US dollars ($) and Bitcoin.

`BTCB = "USD"/"bbl WTI" * "BTC"/"USD" = ($72.94)/"1 Barrel Brent Crude" * (฿0.000010310394424138696)/("$1.0") = ฿0.00075204`

where:

BTCB = Bitcoins per barrel of Brent Crude Oil

Oil Value in Dollars, Gold and Bitcoin:

West Texas Intermediate Dollars per Barrel: $69.46/bbl
West Texas Intermediate Price per Barrel in Gold: 0.026 OZT
West Texas Intermediate Price per Barrel in Bitcoin: ₿ 0.00071616
Brent Crude Oil Dollars per Barrel: $72.94/bbl
Brent Crude Oil per Barrel in Gold: 0.028 OZT
Brent Crude Oil per Barrel in Bitcoin: ₿ 0.00075204