EUR/USD 1.15165
-0.111%
Gold 4514.26
3.079%
Oil 97.553
5.279%
USD/JPY 160.141
0.248%
GBP/USD 1.32713
-0.430%
GBP/JPY 212.533
-0.180%
Browse More
  • English
  • 简体中文
  • 繁體中文
  • Tiếng Việt
  • ไทย
  • Indonesia
Subscribe
Real-time News
Conflict Updates: 1. Russian Ministry of Defense: Air defense forces shot down 155 Ukrainian drones overnight in multiple locations. 2. A Ukrainian Flamingo missile reportedly struck a Promsintez explosives production plant in Russias Samara region. 3. Ukrainian General Staff: Ukrainian forces attacked the Yaroslavl oil refinery in Russias Yaroslavl region. 4. Naftogaz: Russia attacked a gas production facility in Poltava region, resulting in one death. Peace Talks: 1. Zelensky: The US is pressuring Ukraine to withdraw from Donbas. 2. Zelensky: Willing to hold trilateral talks between Ukraine, the US, and Russia anywhere. 3. Putin stated that Russia does not rule out the possibility of reconciliation with European countries. Other Updates: 1. Qatari Ministry of Defense: Ukraine and Qatar signed a defense cooperation agreement. 2. Zelensky stated that Kyiv hopes Middle Eastern countries will provide diesel aid to Ukraine, in which case Ukraine can help them counter Irans Shahed drones. 3. Russia and Turkey discussed ensuring regional energy security. 4. Russia will recruit 135,000 soldiers in the fall of 2025 and has pledged not to send them to special military operation areas.U.S. officials say the Pentagon is preparing for weeks of ground operations in Iran.South Korean Finance Minister: We are still considering importing Russian naphtha.Lei Jun, Chairman of Xiaomi Group: The new generation SU7 delivered four to five thousand vehicles in the first week.March 29th - U.S. employment is likely to rebound in March after one of the largest job losses since the pandemic began. Economists estimate that 60,000 jobs were added this month after a loss of 92,000. The unemployment rate is expected to remain at 4.4%. Employment has not increased for several months since May of last year, indicating a lack of significant hiring momentum in the labor market, but without any worrying signs of deterioration. Against this backdrop of limited job opportunities, renewed concerns about inflation due to the war in the Middle East, fueled by soaring gasoline prices, have fueled fears among Americans. Economists point out that Marchs job growth is expected to rebound after disappointing February employment data—in which construction and leisure and hospitality jobs may have declined due to weather conditions. Employment in the healthcare sector may also increase as more than 30,000 Kaiser Permanente employees ended their strike.

Brent crude and WTI definition

LEO

Oct 25, 2021 13:27

Brent crude – also referred to as Brent blend – is one of three major oil benchmarks used by those trading oil contracts, futures and derivatives. The other two major benchmarks are West Texas Intermediate (WTI) and Dubai/Oman, though there are many smaller oil varieties traded as well..

WTI stands for West Texas Intermediate (occasionally called Texas Light Sweet), an oil benchmark that is central to commodities trading. It is one of the three major oil benchmarks used in trading。


WTI is a light, sweet variety of oil. That means that it has a low density and low sulphur content, making it easy to refine. It is the second-most-traded oil benchmark, behind Brent crude, and is traded on the New York Mercantile Exchange.

The price of WTI tends to move in line with the price of Brent crude, although different global events will cause the value of each commodity to differ.

Oil benchmarks

Oil benchmarks provide a useful way for oil traders and speculators to know which type of oil they are trading. Oil from different fields varies in value thanks to its use in different industries, and varying ease of transport.

Brent crude is the most traded of all of the oil benchmarks, and is defined as crude mostly drilled from the North Sea oilfields: Brent, Forties, Oseberg and Ekofisk (collectively known as BFOE). This oil type is widely used as it is both sweet and light, making it easy to refine into diesel fuel and gasoline. That, and its relative ease of transporting being produced at sea, make it so widely traded.


Suggestion