1, trading places is different:

Brent crude oil is traded on the London Commodity Futures Market, while WTI crude oil is traded on the New York Commodity Futures Exchange.

2. Different themes

Brent crude oil includes four kinds of light and low sulfur crude oils produced in Beihai Oilfield: Brent, Forties, Ekofisk and Oseberg, while WTI crude oil is mainly Middle East light crude oil.

3. Different pricing methods.

WTI crude oil is the benchmark oil for futures pricing based on American market, and the price of WTI crude oil mainly depends on Cushing crude oil inventory: when the inventory is high, WTI price drops, and when the inventory is low, WTI price rises, while Brent crude oil is the spot market benchmark oil based on European market. The influence of Brent crude oil price mainly depends on the change of OPEC output and Eurasian demand. Brent crude oil and WTI crude oil are very different, and the price difference is about 5%.