The capacity of a barrel of British Brent crude oil is the same as that of American WTI crude oil, because both crude oil capacities are packaged according to international standards.

Brent crude oil is a kind of light and low-sulfur crude oil produced in Brent and Nignan oilfields in the North Sea, which is widely traded in futures, OTC swaps, forwards and spot markets. More than 65% of the world's physical crude oil is linked to Brent system pricing. The loading port of Brent crude oil is Sorenfu, shetland islands, Beihai. The main users are refineries located in northwest Europe and the east coast of the United States.

WTI crude oil is light crude oil from West Texas, USA. The crude oil futures contract is one of the three benchmark prices in the world crude oil market with good liquidity and high price transparency. All crude oil produced or sold in the United States is priced according to light and low sulfur WTI.

Extended data:

1 and Brent crude oil introduction:

Brent crude oil uses petroleum products produced in the North Sea of Europe and refined in Western Europe as the observation object, and its quality is slightly lower than that of West Texas crude oil. However, some of the European markets sold to the United States and North Africa are old industrial countries in the world, and they involve different people's feelings and development levels in different countries, so they are objective. Its sulfur content is 0.37%, which is suitable for refining gasoline, diesel oil and jet fuel.

There is an unwritten agreement in the world that the crude oil exported from the Middle East and Africa to the west is priced according to Brent crude oil and linked to the oil price index made by the Organization of Petroleum Exporting Countries. Crude oil producers in Russia, the Middle East and other parts of Asia also use it as a reference indicator.

2. Introduction of WTI crude oil in the United States:

American WTI crude oil is a common crude oil in North America. Due to the global military and economic capabilities of the United States, WTI crude oil has become the benchmark for global crude oil pricing.

In order to unify the domestic crude oil pricing system, the United States takes the WTI crude oil contract listed in the New York Mercantile Exchange as the pricing benchmark. Crude oil, US dollar and grain are the three main means for the United States to influence and control the global economy and financial market.

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