Forex Course Brent Crude Oil
Brent Crude Oil Price
Crude oil is a naturally occurring petroleum product commonly used in energy production and manufacturing. It is typically purchased with the intent to be refined into everyday uses such as diesel, gasoline, heating oil, jet fuel, plastics, cosmetics, medicines and fertilisers. Brent Crude oil - and related videos. Watch the latest Forex videos tagged with Brent Crude oil. The WTI Crude Oil markets fell during the course of the session on Thursday, testing the $50 level for support. Brent markets broke higher during the course of. Crude oil is a naturally occurring petroleum product commonly used in energy production and manufacturing. It is typically purchased with the intent to be refined into everyday uses such as diesel, gasoline, heating oil, jet fuel, plastics, cosmetics, medicines and fertilisers.
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What is Brent crude oil? Brent crude oil is a benchmark that defines oil prices around the world. The light, low-sulphur oil is extracted from under the North Sea and consists of Brent Blend, Forties Blend, Oseberg and Ekofisk crudes.
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Brent Crude Oil Yahoo Finance
As a light sweet crude, Brent is considered more desirable than heavy sour crude because it can be refined more easily into diesel and gasoline. Heavier crudes are harder to transport as they don't flow as easily through pipelines. So Brent can command a premium price. 
Brent crude oil from the North Sea is seen as the global benchmark because European, African and Russian markets are tuned to its price – either because they import it, or because they have oil of their own that they can’t sell for more than Brent. As much as two-thirds of the world’s traded oil is priced relative to Brent.
What Is Brent Crude Oil Definition
What are the other types of oil? There are many other regional grades of oil. As well as the Brent crude oil spot price, the financial press also tends to quote the price of West Texas Intermediate (USA). Other types of oil include Western Canadian Select (Canada), Dubai crude (Middle East), Bonny Light (Nigeria) and Tapis (Singapore).