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Brent blend is a light crude oil (LCO), though not as light as West Texas Intermediate (WTI). It contains approximately 0.37% of sulphur, classifying it as sweet crude, yet not as sweet as WTI. Brent is suitable for production of petrol and middle distillates. It is typically refined in Northwest Europe.
A benchmark crude or marker crude is a crude oil that serves as a reference price for buyers and sellers of crude oil. There are three primary benchmarks, West Texas Intermediate (WTI), Brent Blend, and Dubai Crude. Other well-known blends include the OPEC Reference Basket used by OPEC, Tapis Crude which is traded in Singapore, Western Canadian ...
The price of oil, or the oil price, generally refers to the spot price of a barrel (159 litres) of benchmark crude oil —a reference price for buyers and sellers of crude oil such as West Texas Intermediate (WTI), Brent Crude, Dubai Crude, OPEC Reference Basket, Tapis crude, Bonny Light, Urals oil, Isthmus, and Western Canadian Select (WCS ...
As OilPrice.com reports, Brent crude oil prices fell 2.8% through 10:30 a.m. ET today, to about $71 per barrel, while U.S.-preferred West Texas Intermediate (WTI) crude prices dropped more than 3% ...
West Texas Intermediate crude oil jumped 2.22% to $71.94 a barrel. Brent crude , the international benchmark, increased 2.04% to $75.41 a barrel. Gold was about flat at $2,651.6 an ounce.
West Texas Intermediate crude oil was down slightly by 0.04% to $67.64 a barrel. Brent crude, the international benchmark, was lower by 0.18% to $71.47 a barrel. Gold was down 0.11% to $2,691.90 ...
On October 26 Brent jumped more than 2 percent to $95.69 and WTI rose 3 percent to $87.91 due to the weak dollar and the lowest net U.S. imports ever as well as higher than expected increase in U.S. crude stocks. [134] Brent and WTI both finished October higher, the first increase for a month since May, due to the actions by OPEC and others. [135]
West Texas Intermediate crude oil was higher by 1.02% to $68.36 a barrel. Brent crude , the international benchmark, rose 0.68% to $72.09 a barrel. Gold was down 0.85% to $2,672.00 an ounce.