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OIL to GBP Converter and calculator

OIL/GBP: 1 OIL = 45.61 GBP. The price of converting 1 CRUDE OIL BRENT (Zedcex) (OIL) to Pound Sterling (GBP) is 45.61 GBP today.
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Last updated as of 2023/09/01 02:23:05 (UTC+0)Refreshrefresh
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Bitget converter provides OIL to GBP real-time exchange rates, making it easy to convert CRUDE OIL BRENT (Zedcex) (OIL) to Pound Sterling (GBP). The conversion result is based on real-time data. The conversion result shows that 1 OIL is currently valued at 45.61 GBP. Since crypto prices can change rapidly, we recommend checking back for the conversion result.
1 OIL is currently valued at 45.61 GBP, which means buying 5 OIL would cost 228.06 GBP. Similarly, £1 GBP can be converted to 0.02192 OIL, and £50 GBP can be converted to 0.1096 OIL, excluding any platform or gas fees.

Convert OIL to GBP

Convert GBP to OIL

CRUDE OIL BRENT (Zedcex)
Pound Sterling
1 OIL
45.61  GBP
Exchange 1 OIL for 45.61 GBP
2 OIL
91.22  GBP
Exchange 2 OIL for 91.22 GBP
5 OIL
228.06  GBP
Exchange 5 OIL for 228.06 GBP
10 OIL
456.11  GBP
Exchange 10 OIL for 456.11 GBP
20 OIL
912.22  GBP
Exchange 20 OIL for 912.22 GBP
50 OIL
2,280.55  GBP
Exchange 50 OIL for 2,280.55 GBP
100 OIL
4,561.11  GBP
Exchange 100 OIL for 4,561.11 GBP
200 OIL
9,122.22  GBP
Exchange 200 OIL for 9,122.22 GBP
500 OIL
22,805.54  GBP
Exchange 500 OIL for 22,805.54 GBP
1000 OIL
45,611.08  GBP
Exchange 1000 OIL for 45,611.08 GBP
5000 OIL
228,055.39  GBP
Exchange 5000 OIL for 228,055.39 GBP
10000 OIL
456,110.78  GBP
Exchange 10000 OIL for 456,110.78 GBP
In the table above, you'll find a comprehensive OIL to GBP converter that shows the value of CRUDE OIL BRENT (Zedcex) in Pound Sterling across commonly used conversion amounts. The list covers conversions from 1 OIL to GBP, all the way up to 10000 OIL, providing a clear view of their respective values.
Pound Sterling
CRUDE OIL BRENT (Zedcex)
1 GBP
0.02192 OIL
Exchange 1 GBP for 0.02192 OIL
10 GBP
0.2192 OIL
Exchange 10 GBP for 0.2192 OIL
50 GBP
1.1 OIL
Exchange 50 GBP for 1.1 OIL
100 GBP
2.19 OIL
Exchange 100 GBP for 2.19 OIL
200 GBP
4.38 OIL
Exchange 200 GBP for 4.38 OIL
500 GBP
10.96 OIL
Exchange 500 GBP for 10.96 OIL
1000 GBP
21.92 OIL
Exchange 1000 GBP for 21.92 OIL
2000 GBP
43.85 OIL
Exchange 2000 GBP for 43.85 OIL
5000 GBP
109.62 OIL
Exchange 5000 GBP for 109.62 OIL
10000 GBP
219.24 OIL
Exchange 10000 GBP for 219.24 OIL
50000 GBP
1,096.22 OIL
Exchange 50000 GBP for 1,096.22 OIL
100000 GBP
2,192.45 OIL
Exchange 100000 GBP for 2,192.45 OIL
In the table above, you'll find a comprehensive GBP to OIL converter that shows the value of Pound Sterling in CRUDE OIL BRENT (Zedcex) across commonly used conversion amounts. The list covers conversions from 1 GBP to OIL, all the way up to 100000 GBP, providing a clear view of their respective values.

OIL to GBP chart

OIL/GBP: 1 OIL = 45.61 GBP; 2025/11/16 11:56:38
In the past 1D, CRUDE OIL BRENT (Zedcex) has changed +0.03% to GBP. Based on the trend and price charts, CRUDE OIL BRENT (Zedcex)(OIL) has changed +0.03% to GBP while Pound Sterling(GBP) has changed % to OIL in the last 24 hours.
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OIL to GBP conversion data: Volatility and price changes of CRUDE OIL BRENT (Zedcex) in GBP

The highest CRUDE OIL BRENT (Zedcex) price in GBP over the past 7 days was 46.55 GBP while the lowest CRUDE OIL BRENT (Zedcex) price in GBP over the past 7 days was 44.3 GBP. The relative change between the highs and lows in CRUDE OIL BRENT (Zedcex) price in GBP over the last 7 days indicates a volatility of %. You can view additional volatility data and OIL to GBP prices for the past 24 hours, 30 days, and 90 days in the table above.
Last 24 hours Last 7 days Last 30 days Last 90 days
High
45.66 GBP
46.55 GBP
47.9 GBP
50.82 GBP
Low
45.59 GBP
44.3 GBP
42.94 GBP
42.94 GBP
Average
0 GBP
0 GBP
0 GBP
0 GBP
Volatility
%
%
%
%
Change
+0.03%
+0.04%
+5.36%
-4.87%

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Bitget P2P trading does not currently support direct buying of OIL with GBP. However, you can buy USDT in Bitget P2P trading first, and then buy OIL with USDT via Bitget spot market.
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CRUDE OIL BRENT (Zedcex) information

OIL to GBP market statistics

OIL/GBP:
£45.61
OIL 24h volume:
£964.38
OIL market cap:
--
OIL circulating supply:
0 OIL

Current OIL to GBP exchange rate

CRUDE OIL BRENT (Zedcex) to Pound Sterling is rising this week.
CRUDE OIL BRENT (Zedcex)'s current market price is £45.61 per OIL, with a total market cap of £0 GBP based on a circulating supply of -- OIL. The trading volume of CRUDE OIL BRENT (Zedcex) has changed by -99.91% (£-1,094,923.06 GBP) in the last 24 hours. Last trading day, OIL's trading volume was £1,095,887.44.

More info about CRUDE OIL BRENT (Zedcex) on Bitget

Pound Sterling information

About the Pound Sterling (GBP)

What Is the Pound Sterling (GBP)?

The Pound Sterling, commonly known as the sterling or pound and abbreviated as GBP, is the national currency of the United Kingdom (including England, Scotland, Wales, and Northern Ireland), the Isle of Man, South Sandwich Islands, Gibraltar, South Georgia, and the British Antarctic Territory. It holds the distinction of being the oldest currency still in continuous use today. The symbol for the pound is £, and it is divided into 100 smaller units called pence.

GBP is the fourth most traded currency in the foreign exchange market, following the US dollar, the euro, and the Japanese yen. It is also part of the basket of currencies used by the International Monetary Fund (IMF) to calculate its special drawing rights. The Bank of England, the central bank of the UK, is responsible for issuing and regulating the pound. While banknotes are issued in England and Wales by the Bank of England, Scotland and Northern Ireland have their own banknotes, which are not governed by the Bank of England but are accepted throughout the UK.

What Is the History of GBP?

The term "pound sterling" originates from the Latin word "libra," denoting balance and weight. The pound coin was first introduced in 1489 during the reign of Henry VII. The Bank of England, established in 1694, began issuing pound notes shortly thereafter. These notes were initially handwritten. The pound operated in a complex system of shillings and pennies until 1971 when the decimal system was adopted. The UK allowed the pound to float freely in the currency market in 1971, letting market forces determine its value. Despite the introduction of the euro in 2002, the UK chose to retain the pound as its currency.

Notes and Coins of GBP

The pound sterling is available in various denominations. Banknotes are issued in £5, £10, £20, and £50 denominations, with some being printed on polymer for durability. Coins are minted in 1p, 2p, 5p, 10p, 20p, 50p, £1, and £2 denominations.

What Is a Quid?

"Quid" is a slang term commonly used in the United Kingdom to refer to the British pound sterling (GBP), the currency of the United Kingdom. Its exact origin is unclear, but the most accepted theory is that it derives from the Latin phrase "quid pro quo," meaning "something for something," often used in financial and legal contexts. Another less substantiated theory links it to the Royal Mint in Quidhampton, Wiltshire. Over time, "quid" has become synonymous with "pound" in everyday British vernacular, used in the same informal manner as "bucks" is for dollars in the United States. Notably, the term remains singular regardless of the amount, so one would say "twenty quid" instead of "twenty quids."

Why Is GBP Worth More Than USD?

The British Pound (GBP) often holds a higher value than the US Dollar (USD) due to a combination of historical, economic, and market factors, rather than a direct reflection of the respective economies' strength. Historically, the GBP was the dominant currency in foreign exchange, with £1 fetching more than $5 before World War I. As of January 2024, the GBP continued to exhibit strength, maintaining a value of over 1.25 USD. This resilience is evident even after significant events like the 2007–2009 financial crisis, where the GBP peaked at just over 2.00 USD but later stabilized to 1.40–1.45. The impact of Brexit in 2016 further influenced this dynamic, causing a sharp fall in the GBP from the 1.40–1.45 range to 1.20–1.25, and reaching a 30-year low of about $1.05 in September 2022. This trend reflects the relative economic conditions of the UK and the US, with the UK facing challenges from Brexit and the US economy showing improvement. The total circulation of GBP is also much lower than that of USD, contributing to its higher nominal value.

Bitget crypto-to-fiat exchange data shows that the most popular CRUDE OIL BRENT (Zedcex) currency pair is the OIL to GBP, with for CRUDE OIL BRENT (Zedcex)'s currency code being OIL. Use our cryptocurrency calculator now to see how much your cryptocurrency can be exchanged for GBP.

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OIL to GBP Conversion tables

The exchange rate of CRUDE OIL BRENT (Zedcex) is increasing.
The exchange rate of 1 OIL to Pound Sterling has changed by +0.04% in the last 7 days. In the last 24 hours, the rate has fluctuated by +0.03%, reaching a high of 45.66 GBP and a low of 45.59 GBP . One month ago, the value of 1 OIL was £43.29 GBP , which represents a +5.36% change from its current value. Over the last year, CRUDE OIL BRENT (Zedcex) has changed by
-£
9.19GBP
, resulting in a change of -16.77% in its value.
24 hours ago1 month ago1 year ago
Amount 11:56 am today 24 hours ago 24h change
0.5 OIL
£22.81£22.8
+0.03%
1 OIL
£45.61£45.6
+0.03%
5 OIL
£228.06£227.99
+0.03%
10 OIL
£456.11£455.99
+0.03%
50 OIL
£2,280.55£2,279.95
+0.03%
100 OIL
£4,561.11£4,559.89
+0.03%
500 OIL
£22,805.54£22,799.46
+0.03%
1000 OIL
£45,611.08£45,598.91
+0.03%

OIL to GBP FAQ

How much is 1 CRUDE OIL BRENT (Zedcex) in GBP?
Right now, the price of 1 CRUDE OIL BRENT (Zedcex) (OIL) in Pound Sterling (GBP) is £45.61.
How much OIL can I buy for 1 GBP?
Based on the current exchange rate, you can get 0.02192 OIL for 1 GBP.
How do I calculate or convert OIL to GBP?
You can use our OIL to GBP calculator at the top of this page to convert any amount of OIL to GBP. We've also included quick-reference tables for the most popular conversions. For example, 5 GBP is equivalent to 0.1096 OIL, while 5 OIL will cost around 228.06GBP.
What is the highest price of OIL/GBP in history?
The all-time high price of 1 OIL in GBP is £69.23. It remains to be seen if the value of 1 OIL/GBP will exceed the current all-time high.
What is the price trend of CRUDE OIL BRENT (Zedcex) in GBP?
Over the past 7 days, the exchange rate of CRUDE OIL BRENT (Zedcex) (OIL) has gone up by 0.04%.   Over the last month, the exchange rate of CRUDE OIL BRENT (Zedcex) (OIL) has gone up by 5.36% against Pound Sterling (GBP).

What factors influence the conversion rate of OIL to GBP?

There are many factors that affect the relationship between CRUDE OIL BRENT (Zedcex) and Pound Sterling, spanning multiple dimensions such as macroeconomic trends, policy regulation, and technological innovation. Specifically, the following key factors play an important role:
Market sentiment:Investor sentiment and confidence have a significant impact on the dynamics of OIL/GBP. When there is positive news in the market about the widespread adoption of OIL or major technological breakthroughs, it tends to trigger market optimism and drive the rise of OIL/GBP. Conversely, negative news, such as regulatory crackdowns and security vulnerabilities, may trigger market panic and lead to a decline in OIL/GBP.
Regulatory environment:Government policies and regulations surrounding cryptocurrencies have a direct impact on their acceptance, which in turn determines their value relative to traditional currencies such as the US dollar. Clear and supportive regulations can enhance investor confidence in cryptocurrencies and drive their value up. Conversely, vague or overly strict regulatory policies may hinder the development of cryptocurrencies and cause their value to fall.
Economic indicators:Macroeconomic factors in the country where the fiat currency is issued—such as inflation rates, interest rates, and key economic growth indicators—play a crucial role in determining the fiat currency's value and indirectly affect the exchange rate of OIL/GBP. For example, high inflation rates may lead to a decrease in market trust in fiat currencies, thereby increasing investors' demand for cryptocurrencies such as Bitcoin as a hedge, driving up their prices.
Technological progress:The continuous development and innovation of blockchain technology, as well as various improvements in the cryptocurrency ecosystem—such as expansion solutions and security enhancements—have provided strong support for the value growth of cryptocurrencies like Bitcoin.
Investors must understand these dynamics to avoid making wrong decisions. After considering these factors, investors should also closely monitor future changes in the price of CRUDE OIL BRENT (Zedcex) and adjust their investment strategies accordingly in the evolving market.

Popular exchange rates — Crypto-to-Fiat converter

Bitget crypto-to-fiat exchange data shows the popular CRUDE OIL BRENT (Zedcex) currency pairs: OIL to US Dollar (USD), OIL to Euro (EUR), OIL to Pound Sterling (GBP), OIL to Canadian Dollar (CAD), OIL to Indian Rupee (INR), OIL to Pakistani Rupee (PKR), OIL to Brazilian Real (BRL), OIL to…
The price of CRUDE OIL BRENT (Zedcex) in the US is $59.98 USD. Additionally, CRUDE OIL BRENT (Zedcex)’s price is €51.6 EUR in the eurozone, £45.61 GBP in the UK, C$84.17 CAD in Canada, ₹5,319.86 INR in India, ₨16,946.95 PKR in Pakistan, R$317.69 BRL in Brazil, and more.
The most popular CRUDE OIL BRENT (Zedcex) currency pair is the OIL to Pound Sterling(GBP). The price of 1 CRUDE OIL BRENT (Zedcex) (OIL) in Pound Sterling (GBP) is £45.61.

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This content is being provided to you for informational purposes only, does not constitute an offer, or solicitation of an offer nor a recommendation by Bitget to buy, sell, or hold any security, financial product, or instrument referenced in the content, and does not constitute investment advice, financial advice, trading advice, or any other sort of advice. Data presented may reflect asset prices traded on the Bitget exchange as well as other cryptocurrency exchanges and market data platforms. Bitget may charge fees for the processing of cryptocurrency transactions which may not be reflected in the conversion prices displayed. Bitget is not liable for any errors or delays in content or for any actions taken in reliance on any content.