The difference between the two: Brent crude oil follows the trend of WTI crude oil most of the time, and sometimes deviates from or affects the price of WTI crude oil. It is reported that the Brent crude oil pricing system, which consists of Brent crude oil futures and spot market, covers up to 80% of the global crude oil trading volume. Although the price of new york crude oil is becoming more and more important, 65% of the global crude oil trading volume is based on Brent crude oil in the North Sea.
Brent crude oil is very close to American crude oil company in quality and price. From the statistics of crude oil prices in the past 10 years, the two are almost synchronous, and Brent crude oil is generally about 5% lower than American crude oil. For example: 1998 Brent oil price is $65,438 +03.43, while the price of American crude oil company is $65,438+04.53; In 2004, they rose to $38.29 and $465,438+$0.60 respectively. From the data point of view, the rise and fall of the two are basically synchronized, and the price difference is also around 5%.
In a word, American crude oil company is the benchmark oil for futures pricing based on American market, while Brent crude oil is the benchmark oil for spot market based on European market. There are great differences between them, but there are also similarities.
Tips: The above information is for reference only.
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