Brent crude oil, Brentoil 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, a decrease of 8.94%.

The content of this article comes from: China Law Publishing House "General Knowledge Series of Legal Life"