Brent crude oil (what is Brent crude oil? )

Brent crude oil is named after it is produced in the Brent area of the North Atlantic. The futures trading varieties of London Intercontinental Exchange and the New York Mercantile Exchange are one of the benchmarks of market oil prices.

Brent crude oil is widely traded in futures, OTC swaps, forwards and spot markets. Now more than 65% of the world's physical crude oil is priced by Brent system, and the price of Brent crude oil in the market is higher than that of American crude oil.

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