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Brent crude oil is a major trading classification of crude oil originating from the North Sea. It serves as a benchmark for oil prices globally and is known for its light and sweet characteristics, making it easier and more cost-effective to refine into gasoline and other products. Brent crude is typically more expensive than other crude grades due to its quality and the demand from refineries. Its price is influenced by various factors, including geopolitical events, supply and demand dynamics, and changes in production levels.

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AnswerBot

3d ago

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