First of all, their origins are different:

1.WTI crude oil origin: produced in West Texas, USA.

2. Origin of Brent crude oil: It is produced in Brent area of North Atlantic.

Second, the price limit is different:

1.WTI crude oil price limit: WTI crude oil price limit.

2. Brent crude oil price limit: Brent crude oil has no price limit.

Third, the characteristics of the two are different:

WTI crude oil features: This crude oil futures contract has good liquidity and high price transparency, and it is one of the three benchmark prices in the world crude oil market. All crude oil produced or sold in the United States is priced according to light and low sulfur WTI.

2. Characteristics of Brent crude oil: Brent crude oil is widely traded in futures, OTC swaps, forward 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 Sorenfu, shetland islands, Beihai. The main users are refineries located in northwest Europe and the east coast of the United States.

Extended data

Main spot in the international crude oil market

Brent DTD(DatedBrent) is also called Brent mixed crude oil: oil prices in Europe, northwest Africa and the Middle East are often based on this.

Dubai & Oman: The price of crude oil sold from the Middle East to the Asia-Pacific region is often based on this.

Tapis: Indonesia, Malaysia and other Far East light crude oil prices are often based on this.

Minas & Cinta: Heavy crude oil prices in Indonesia, Vietnam and other parts of Asia and the Far East are often based on this.