Oil on Hyperliquid, live.
xyz:BRENTOIL is a perpetual contract that tracks the price of one barrel of Brent crude. Go long or short from your phone, 24/7, settled in USDC.
BRENTOILBrent Crude Oil
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What is xyz:BRENTOIL?
xyz:BRENTOIL is a Brent crude perpetual deployed by trade[XYZ] on Hyperliquid through HIP-3. Brent is the world's main oil benchmark, used to price most globally traded crude, and the contract references one barrel of it.
Oil perps on Hyperliquid drew billions of dollars in volume during the March 2026 price swings, because they keep trading when traditional futures are closed. That cuts both ways: a weekend move can be sharp, and leveraged positions can be liquidated before Monday's open.
| Hyperliquid ticker | xyz:BRENTOIL |
|---|---|
| Reference | 1 barrel of Brent crude oil |
| Max leverage on the venue | 20x |
| External price hours | Sunday 6:00 PM to Friday 6:00 PM ET |
| Settlement | USDC, cash-settled |
| Source | trade[XYZ] specification index, October 2026 |
How the price is set
Crude oil has no single spot price, so the oracle references a designated Brent futures contract. Each month it rolls to the next contract gradually, from the 5th to the 10th business day, moving 20% of the weight per day so the price does not jump on roll day.
Outside those hours, including weekends, the market keeps trading 24/7 on an internal price that moves with order flow inside discovery bounds, a cap on how far the price can travel until the external market reopens.
How to trade brent crude oil on Farao
- Download Farao and fund it with USDC or Apple Pay. Your funds sit in a wallet you control.
- Open the market and pick long if you expect the price to rise, short if you expect it to fall.
- Set your size and leverage, plus take profit and stop loss. The liquidation price is shown before you confirm.
- Confirm. The order executes on Hyperliquid's order book, and you can close it at any time, day or night.
Your questions, answeredEverything you need to know
See more FAQsxyz:BRENTOIL references a designated Brent crude futures contract, rolled to the next contract between the 5th and 10th business day of each month. trade[XYZ] also lists a WTI contract.
More markets: Gold · Silver · Natural Gas · S&P 500. Leverage cuts both ways: a move against you can liquidate a position quickly.
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