Brent crude oil, Brent oil in English, is produced in Brent area of North Atlantic. Futures trading on the London Intercontinental Exchange and the New York Mercantile Exchange is the benchmark of market oil price.

The price difference between West Texas Light Crude Oil (WTI) in the US market and Brent crude oil in the North Sea is still very large.

On April 20, 2020, the price of London Brent crude oil futures for June delivery fell by 2.565438 USD +0 to close at 25.57 USD per barrel, with a decrease of 8.94%.

Brent is a light and low-sulfur crude oil, which is produced in Brent and Nizhnan oil fields in the North Sea and widely traded in futures, OTC swaps, forwards and spot spot markets. At present, more than 65% of the world's physical crude oil is linked to Brent system pricing. The loading port of Brent crude oil is Sullom Voe in shetland islands, Beihai. The main users are refineries located in northwest Europe and the east coast of the United States.