That's not what international oil prices depend on. There are three international oil price standards, namely Brent crude oil price in North Sea, WTI crude oil price in West Texas and Dubai crude oil price. Brent crude oil affects the supply and demand of crude oil in Europe and Africa, accounting for about 50% of the global crude oil trading volume. West Texas Intermediate crude oil directly affects American oil prices, accounting for about 25% of global oil trading volume, while Dubai crude oil has a greater impact on Asian oil prices.

Among the three international oil pricing standards, West Dezhou Intermediate crude oil has been questioned. West Texas Intermediate Oil; WTI) is a 1 crude oil exploitation company in Texas, USA, accounting for only 6% of the domestic crude oil supply in the United States, but its crude oil price is an important indicator of international oil prices. West Texas Light Crude Oil Company has also been repeatedly accused of manipulating oil prices and profiting from oil price fluctuations.

At present, North Sea Brent crude oil and West Texas Intermediate crude oil futures can be traded in the NYMEX York Mercantile Exchange.