Here is a blog article about Brent Crude. It gives some information , not just about the price movements, but also the drivers behind prices. The drivers in Oil prices have not really changed for many years. They are, Geopolitics, supply & demand. The article is a useful guide to Brent. I would also recommend reading some books about Oil as it can give you a very good indicator on investing. One to look at is an older book, The Oil Factor by Stephen Leeb & Donna Leeb. This have proved remarkably accurate in its forecasts and shows the linkage between the general markets and Oil..
(PD-US)
What Is Brent Oil? The Ultimate Beginner’s Guide
“But when it comes to crude investing, traders have long had two choice staring them in the face: Brent oil, and West Texas Intermediate (or WTI) oil. The two have stumped many for quite some time, as they search for the intricacies that make these …”
As you can see, once you understand the basic price drivers, there is a similar patter that allows you to make considered options trades in Oil. Going forward, Oil prices are likely to be more volatile. If you read the above book , It will show you the patterns back to 1973 and beyond.