Pay more attention to the price of crude oil on the London International Petroleum Exchange. IPE's Brent crude oil futures contract was a great success after listing, quickly surpassing heavy diesel oil futures to become the most active contract on the exchange, thus becoming one of the international crude oil futures trading centers, and the Brent crude oil futures price in the North Sea has also become one of the benchmarks of international oil prices.

IPE launched Brent crude oil futures contract, one of the three international benchmark crude oils, which was specially designed to meet the demand of the oil industry for international crude oil futures contracts. This is a very flexible tool to avoid risks and transactions.

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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. London International Petroleum Exchange is the most important trading place for energy futures and options in Europe and one of the world oil trading centers. It is a barometer to observe the price trend of American crude oil and Brent crude oil.

Brent crude oil futures contract is a part of Brent crude oil pricing system, including spot and forward contract markets. The price system covers 65% of the world crude oil trading volume.

Baidu encyclopedia-Brent crude oil