Brent Crude Oil is a major trading classification of sweet light crude oil

Brent Crude Oil contract is based on price for light sweet North Sea crude oil and serves as an international benchmark grade. It is traded at a spread to the WTI light sweet crude oil contract. Brent is refined in Northwest Europe, but significant volumes are delivered to the US Gulf and East Coasts and to the Mediterranean. 1 barrel stands for 158.988 litres

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