Brent Crude

classification of sweet light crude oil that serves as a major benchmark price for purchases of oil worldwide

Brent Crude is a major trading classification of crude oil. It is one of the two main benchmark prices for purchases of oil worldwide, the other being West Texas Intermediate. This is described as light because of its low density, and sweet because of its low sulphur content.[1][2]

Location of the Brent oil platform in the North Sea
Monthly average Brent spot prices since May 1987

References change

  1. "UK brent, crude oil, brent crude". One Financial Markets/CB Financial Services Ltd. 2012. Archived from the original on 7 March 2012. Retrieved 25 March 2012.
  2. "ベーシックな支払い方法について". Archived from the original on 2012-12-25. Retrieved 23 March 2018.