` = "Bitcoins per Barrel"`

0.00061202

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" = ($62.99)/"1 Barrel Brent Crude" * (฿0.000009716184423285186)/("$1.0") = ฿0.00061202`

where:

• BTCB = Bitcoins per barrel of Brent Crude Oil

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Oil Value in Dollars, Gold and Bitcoin:

• West Texas Intermediate Dollars per Barrel: $58.74/bbl
• West Texas Intermediate Price per Barrel in Gold: 0.014 OZT
• West Texas Intermediate Price per Barrel in Bitcoin: ₿ 0.00057073
• Brent Crude Oil Dollars per Barrel: $62.99/bbl
• Brent Crude Oil per Barrel in Gold: 0.015 OZT
• Brent Crude Oil per Barrel in Bitcoin: ₿ 0.00061202