Brent Crude

1. Definition

Brent Crude is sourced from the North Sea and serves as the most widely used global price benchmark for Atlantic basin crude oils. * Traded on ICE Futures Europe under the ticker B. * It dictates the price of roughly two-thirds of the world's internationally traded crude oil supply.

2. Quality

• Light, Sweet: API gravity of ~38.3 and sulfur content of ~0.37%.
• Slightly heavier than WTI but still considered high-grade.

3. Key Characteristics

• Seaborne: Being extracted at sea, it can be shipped directly to anywhere in the world via tankers. This logistical flexibility makes it a more reliable indicator of global oil demand than landlocked WTI.