Brent crude oil is extracted offshore, which is difficult and costly. U.S. crude oil (WTI crude oil) is mainly light crude oil from the Middle East. It is easy to extract, low cost and of good quality. Its delivery point is located in the Cushing area of ??Oklahoma, USA. So what is the difference between crude oil brent and crude oil wti?

1. The origins of the two are different: 1. The origin of Brent crude oil: produced in the Brent region of the North Atlantic and North Sea. 2. Origin of WTI crude oil: Produced in West Texas, United States.

2. The characteristics of the two are different: 1. Characteristics of Brent crude oil: Brent crude oil is widely traded in futures, OTC swaps, forwards and spot markets. More than 65% of the world's physical crude oil is priced under the Brent system. The shipping port for Brent crude oil is Sollonford in the Shetland Islands in the North Sea. The main users are refineries located in northwest Europe and the east coast of the United States. 2. Characteristics of WTI crude oil: This crude oil futures contract has good liquidity and high price transparency. It is one of the three major benchmark prices in the world crude oil market. All crude oil produced in or sold to the United States is priced against light, sweet WTI.

3. The price limits of the two are different: 1. The price limit of Brent crude oil: Brent crude oil has no price limit. 2. Price limit of WTI crude oil: WTI crude oil has daily price limit.

I have introduced the difference between crude oil brent and crude oil wti here. I believe everyone has a certain understanding of this and I hope it can help you.