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What does Brent mean in Brent crude oil futures of London International Petroleum Exchange (IPE)?
Brent crude oil futures-Brent crude oil futures. Brent here refers to the Brent oil field seen in the north. The crude oil produced in Brent Oilfield is the European crude oil market standard. In other words, if your crude oil wants to be traded in IPE, your quality and other standards should meet the crude oil standards produced by Brent.