EUR/USD 1.15678
0.343%
Gold 4376.09
0.578%
Oil 81.485
1.319%
USD/JPY 159.356
-0.090%
GBP/USD 1.35343
0.362%
GBP/JPY 215.682
0.268%
Browse More
  • English
  • 简体中文
  • 繁體中文
  • Tiếng Việt
  • ไทย
  • Indonesia
Subscribe
Real-time News
Market news: JaneStreet said in a memo to employees on Friday that its 2026 revenue "is down about 25% from its peak at the end of June".Sources say Canada’s trade minister told the advisory committee that Canada and the U.S. are “quite far from reaching an agreement.”On August 15th, Bloomberg reported that Anthropics preliminary revenue for the second quarter exceeded $11.5 billion, at least 14 times higher than the $787 million in the same period last year, and also higher than the $4.73 billion in the first quarter of this year. The company achieved a positive adjusted operating profit for the quarter. Anthropic was once in a catch-up position in the AI race, but thanks to the increasing use of its software by professionals to simplify workflows such as programming, the companys business growth has accelerated significantly. In May of this year, Anthropics annualized revenue exceeded $47 billion. In comparison, OpenAI previously disclosed annualized revenue exceeding $40 billion, but the calculation methods of the two may not be entirely consistent. Competition in the artificial intelligence field is heating up, with IPO financing reaching $256.4 billion so far this year, a new high since 2021 (excluding SPACs and other financial instruments).Market news: Anthropic reported preliminary revenue of over $11.5 billion for the second quarter of 2026, and also reported positive adjusted operating profit.According to the Iranian Students News Agency, Iranian Foreign Minister Araqchi stated that no decision has been made regarding the resumption of negotiations with the United States. Qatar and Pakistan, acting as mediators, are exchanging information with Iran, but this does not mean that the US and Iran have entered into negotiations.

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