MEBO refers to American crude oil and Brent crude oil. Among them, Brent crude oil is a crude oil futures contract of London International Petroleum Exchange (IPE), with four kinds of light and low sulfur crude oil produced in Beihai Oilfield as the main products. American crude oil is mainly light crude oil from the Middle East, and its delivery place is in Cushing, Oklahoma, USA. Crude oil futures contracts are mainly traded on NYMEX.