The difference between nymex crude oil and Brent crude oil is mainly concentrated in three aspects: different influence, different crude oil producing areas and different exchanges. Next, let's take a look at the specific situation.
1, different effects
Nymex crude oil mainly represents the price of crude oil in the United States, and its influence is mainly limited to the United States. Brent crude oil is more representative in the world and is the benchmark of market oil price. More than 65% of the real crude oil in the world is priced by Brent system.
2. Different crude oil producing areas
Brent is light and low-sulfur crude oil produced in Brent and Nigennan oilfields in the North Sea, while nymex crude oil refers to American crude oil traded in NYMEX. In other words, the two kinds of crude oil are produced in different places.
3. Different exchanges
Brent crude oil is mainly traded in London commodity futures market, while nymex crude oil is mainly traded in New York commodity futures exchange, which means that the futures trading places of the two crude oils are also very different.