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.
Other articles related to "crude, brent crude":
... On February 20, benchmark March crude oil reached $105.21, the highest in nine months ... Brent crude was up 11 percent for the year to $119.58 on February 17, with cold weather in Europe and higher Third World demand, and West Texas Intermediate crude was up 19 percent to $103.24 ... Crude oil prices were down West Texas Intermediate was $103.55 a barrel, down from over $107 late in March, and Brent Crude $118.16 after peaking above $128 in March ...
... After retreating for several months in late 2004 and early 2005, crude oil prices rose to new highs in March 2005 ... In June 2005, crude oil prices broke the psychological barrier of $60 per barrel ... In mid-2006, crude oil was traded for over USD 79 per barrel (bbl), setting an all-time record ...
... Brent crude rose above $110 ... stock markets doing well, Benchmark crude for April rose above $94 after a significant drop the previous week due to news the Federal Reserve might end its stimulus efforts, making the dollar stronger ... Brent crude was over $115 ...
Famous quotes containing the word crude:
“Of course you will pooh-pooh whatevers fresh and new, and declare
its crude and mean;”
—Sir William Schwenck Gilbert (18361911)