American crude oil and Brent crude oil are both important varieties in the world crude oil trade. American crude oil, as its name implies, is listed on the American exchange, while Brent crude oil is British and listed on the Brent exchange in the British North Sea. There are two kinds of high-quality brokers, and investors can choose and trade freely.

Details of the US crude oil contract are as follows:

1. the New York Mercantile Exchange variety, code crude oil (some brokerage trademarks are WTI);

2. Transaction currency: USD;

3. Trading time: 8:00-3:59 (the next day), 5: 001-8: 00;

4. Minimum price change: 0.0 1 USD;

Verb (abbreviation of verb) Contract quantity: 1 0,000 barrels;

6. Profit and loss under the fluctuation of1:10 USD;

7. Margin ratio: 1%,

Eight, the price difference: 3, the price fluctuation of 0.3 US dollars back to the book.

Brent crude oil contract information is as follows:

1. European intercontinental futures exchange variety, code Brent _ oil；;

2. Transaction currency: USD;

3. Trading time: 8:00-5:59 (the next day);

4. Minimum price change: 0.0 1 USD;

Verb (abbreviation of verb) Contract quantity: 1 0,000 barrels;

6. Profit and loss under the fluctuation of1:10 USD;

7. Margin ratio: 1%,

Eight, the price difference: 4, the price fluctuation of 0.04 US dollars back to the book.

The difference between cloth oil and American crude oil is as follows:

First, trading places is different.

Brent crude oil

Brent crude oil is a crude oil futures contract of London International Petroleum Exchange (IPE). Brent crude oil is produced in the Brent region of the North Atlantic, mainly processed and refined in northern Europe, and is the benchmark for crude oil pricing in northwest Europe, Africa and Asia.

You Mei

WTI crude oil, also known as WTI crude oil, is West Texas light crude oil, which is a crude oil futures contract of NYMEX. Texas light crude oil is a common oil in North America, and all oil produced or sold in the United States is based on this pricing benchmark. Because of the influence of the United States, international oil prices generally refer to American oil prices.

Second, the cost is different.

American oil is mainly Middle East light crude oil, which is difficult to dig and has low cost.

Oil distribution comes from the North Sea, and it is difficult and costly to dig crude oil from the North Sea at sea.

Third, supply and demand factors are different.

Brent crude oil production gradually decreased. In the case that the crude oil markets in Europe, the Middle East and Asia are dominated by Brent crude oil, the huge market scale supports higher prices.

Before the U.S. oil ban, a large number of U.S. crude oil was imported from the Middle East, resulting in high inventories and depressing oil prices. Later, with the development of shale oil technology, the large increase in crude oil production also caused the low oil price.