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" = ($65.58)/"1 Barrel Brent Crude" * ("1.0 troy ounce Gold")/($3036.79) = 0.022 OTZ`

where:

• BTCB = Bitcoins per barrel of Brent Crude Oil

Gold Spot Price:$3036.79

Oil Value in Dollars, Gold and Bitcoin:

• West Texas Intermediate Dollars per Barrel: $61.99/bbl
• West Texas Intermediate Price per Barrel in Gold: 0.02 OZT
• West Texas Intermediate Price per Barrel in Bitcoin: ₿ 0.00074262
• Brent Crude Oil Dollars per Barrel: $65.58/bbl
• Brent Crude Oil per Barrel in Gold: 0.022 OZT
• Brent Crude Oil per Barrel in Bitcoin: ₿ 0.00078562