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Why is it called brent crude oil?

Brent crude oil is named after the Brent oil field in the North Sea. The field was discovered in 1971 and became a significant source of crude oil. The term "Brent" is widely used to refer to the benchmark oil price for the North Sea crude oil.


What are the properties of Brent Crude oil?

Brent Crude oil is a light, sweet crude oil with low sulfur content, making it ideal for refining into diesel fuel and gasoline. It is a benchmark for oil prices in Europe, Africa, and the Middle East, with delivery points in the North Sea. Brent Crude oil is known for its high quality and stable production.


What is brent crude oil?

Brent crude oil is a type of sweet light crude oil that is extracted from the North Sea. It is a benchmark used to price two-thirds of the world's internationally traded crude oil supplies. Brent crude oil is known for its high quality and low sulfur content, making it desirable for refining into gasoline and diesel fuel.


What is the meaning of Brent oil?

Brent crude oil is a "benchmark crude" oil agreed upon by various suppliers and traders of crude oil. Other crude oils are often priced based on the agreed upon benchmark crude which has a particular set of properties.


What are some of the properties of Brent Crude oil?

Brent Crude oil is a light, sweet crude oil extracted from the North Sea. It is known for its low sulfur content, which makes it easier to refine into gasoline and diesel fuel. Brent Crude is a benchmark for pricing other crude oils worldwide.


Brent index is associated?

Crude Oil prices


What is today's price on oil?

The Crude Oil and Commodity Prices on April, Friday 25 2014 are: WTI Crude Oil is $101.94/barrel and Brent Crude Oil is $110.33/barrel.


What is today's oil prices?

The Crude Oil and Commodity Prices on April, Friday 25 2014 are: WTI Crude Oil is $101.94/barrel and Brent Crude Oil is $110.33/barrel.


What is the difference between crude and brent oil?

Crude oil is that oil that comes out of an oil well head (before it is refined). However, different oil wells produce different types of crude oil (some is thick and some is very runny)For commercial trading purposes, Brent Crude is a major classification of sweet light crude oil that serves as a major benchmark price for purchases of oil worldwide.


What exactly is brent crude oil futures?

Brent crude oil futures are stocks whose price flactuates every now and then. This is affected by various factors in the market but mostly that of demand and supply.


Why is brent crude oil more expensive than WTI oil?

I think because brent is produced in the N. Sea. Shipping cost.


What is the difference between Brent and WTI crude oils?

West Texas Intermediate (WTI) crude oil is of very high quality and is at refining a larger portion of gasoline. Its API gravity is 39.6 degrees, which makes it a "light" crude oil, and it contains only about 0.24 percent of sulfur (making a "sweet" crude oil). Brent Blend is actually a combination of crude oil from fifteen different oil fields located in the North Sea. It is still a "light" crude oil, but not quite as "light" as WTI, and it contains about 0.37 percent of sulfur (making it a "sweet" crude oil, but again slightly less "sweet" than WTI). Brent blend is good for making gasoline and middle distillates. WTI is more expensive than Brent.