First, the origin is different. American oil is mainly light crude oil from the Middle East, and Brent crude oil is produced in Brent region of the North Atlantic, mainly processed and refined in northern Europe.

Second, the cost is different. Crude oil exploitation in the United States is difficult, so the cost is low, while oil distribution is offshore excavation, which is difficult and costly.

Third, the pricing areas are different. American crude oil is the pricing standard of crude oil produced or sold in the United States, while oil distribution is the pricing standard of crude oil in northwest Europe, Africa, Asia and other regions.

At present, the North Sea oil field resources in Europe are gradually exhausted, and the output of Norwegian BFOE is not satisfactory. WTI crude oil has gradually entered the settlement and handover of Brent crude oil in the European spot market, and American crude oil will continue to squeeze Brent crude oil's market position.

American crude oil is also one of the American NYMEX crude oil contracts. WTI crude oil, also known as Texas light crude oil, is the benchmark oil of American crude oil futures, which is also the subject matter. The international oil price basically refers to American crude oil futures, but less to London North Sea Brent crude oil.

Brent crude oil is a North Sea crude oil, which is traded in the London Commodity Futures Market, also known as ICEBrent. At present, except for some crude oils from the Middle East and the Far East, most of the world's crude oils (such as those exported to Europe from the North Sea, Africa, Latin America and Canada, and some from the Middle East and the Far East) are priced by dtdbrent!

The pricing of the international crude oil market is based on the standard oil in the world's major oil-producing areas. For example, on the New York Futures Exchange, crude oil futures are based on "WTI" produced in West Texas, and all crude oils produced or sold in the United States are priced based on light and low sulfur WTI.

Due to the strength of American super crude oil buyers and the influence of New York Futures Exchange itself, crude oil futures trading based on WTI has become the leader in global commodity futures trading volume. Generally speaking, 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.