As far as the characteristics of wti crude oil and Brent crude oil are concerned, Fuglin analysis shows that wti crude oil is a West Texas light intermediate base crude oil in the United States, and the crude oil produced or sold in the United States is based on wti when pricing. Brent crude oil is light and low sulfur crude oil produced in Brent and Nignan oilfields in the North Sea. At present, more than 65% of the world's real crude oil is priced by Brent system, which is the benchmark of global oil price. Simply put, the characteristics of Brent crude oil and wti crude oil are mainly manifested in three aspects: influence, trading place and price. 1, Brent crude oil is more global representative, reflecting the global crude oil price, while wti crude oil is mainly used in the United States, mainly reflecting the US crude oil price, with strong regional characteristics. 2. Both London Intercontinental Exchange and the New York Mercantile Exchange have Brent crude oil futures, while wti crude oil futures are mainly traded on Chicago Stock Exchange. 3. The price of Brent crude oil mainly depends on the change of output and demand of the Organization of Petroleum Exporting Countries in Europe and Asia, while wti crude oil is mainly affected by inventory.