The difference between Brent crude oil and Midland crude oil:

1. Brent crude oil is produced in the Brent region of the North Atlantic and North Sea. Futures are traded on London's Intercontinental Exchange and New York Mercantile Exchange, which serve as benchmarks for market oil prices.

Brent is a light, sweet crude oil produced in the Brent and Ninian fields in the North Sea and 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 Sullom Voe 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. Midland Crude Oil:

NYMEX’s light, sweet crude oil futures are currently the most heavily traded commodity futures in the world. Due to the contract's good liquidity and high price transparency, NYMEX's light sweet crude oil futures price is regarded as one of the benchmark prices in the world oil market. The futures delivery location is located in Cushing, Oklahoma, which is also the delivery location for the U.S. oil spot market.