Brent Crude is a major trading classification of sweet light crude oil comprising Brent Blend, Forties Blend, Oseberg and Ekofisk crudes (also known as the BFOE Quotation). Brent Crude is sourced from the North Sea. The Brent Crude oil marker is also known as Brent Blend, London Brent and Brent petroleum.
The other well-known classifications (also called references or benchmarks) are the OPEC Reference Basket, Dubai Crude and West Texas Intermediate. Brent is the leading global price benchmark for Atlantic basin crude oils. It is used to price two thirds of the world's internationally traded crude oil supplies.
Read more about Brent Crude: Background, Characteristics, Trading, Brent Index
Famous quotes containing the word crude:
“Variability is one of the virtues of a woman. It avoids the crude requirement of polygamy. So long as you have one good wife you are sure to have a spiritual harem.”
—Gilbert Keith Chesterton (1874–1936)