Brent crude oil, Brentoil in English, is produced in Brent area of North Atlantic. Futures trading on the London Intercontinental Exchange and the New York Mercantile Exchange is the benchmark of market oil price.

The price of West Texas Light Crude Oil (WTI) in the US market is quite different from that of Brent crude oil in the North Sea.

At present, more than 65% of the world's physical crude oil is linked to Brent system pricing. The loading port of Brent crude oil is SullomVoe in shetland islands, Beihai. The main users are refineries located in northwest Europe and the east coast of the United States.