EUR/USD 1.17359
0.003%
Gold 3644.12
0.279%
Oil 62.263
0.402%
USD/JPY 147.580
0.248%
GBP/USD 1.35611
-0.088%
GBP/JPY 200.144
0.176%
Browse More
  • English
  • 简体中文
  • 繁體中文
  • Tiếng Việt
  • ไทย
  • Indonesia
Subscribe
Real-time News
On September 14th, the Russian Ministry of Defense announced that during the joint military exercises "West-2025," the frigate "Admiral Golovko" launched a Zircon hypersonic missile in the Barents Sea, successfully hitting its target. The Russian side also demonstrated footage of a Su-34 fighter jet taking off and dropping bombs. The exercises, which ran from the 12th to the 16th, were conducted at training grounds in Russia and Belarus, as well as in the waters of the Baltic and Barents Seas.On September 14th, US Secretary of State Rubio began a two-day visit to Israel to discuss the next steps in Gaza and how to address the aftermath of the Israeli militarys attack on Doha, the capital of Qatar, on September 9th, a mediator in the Gaza ceasefire negotiations. Before leaving, he told reporters that the attack had upset US President Trump but would not shake US-Israel relations.Russian Ministry of Defense: Russia shot down 361 Ukrainian drones in one day.On September 14th, local time, on the morning of September 14th, the Israel Defense Forces issued a statement saying that in the past month, the Israeli army killed more than 20 members of the Palestinian Islamic Resistance Movement (Hamas) in military operations in the Gaza Strip, including several militants who participated in the attack on October 7, 2023. The statement also announced the names and photos of some of the personnel.On September 14, Leningrad Oblast Governor Drozdenko posted on social media that a train carrying 15 tank cars derailed in the Luzhsky region of the state that day, resulting in the suspension of rail traffic in both directions. The derailed tank cars were not carrying cargo, and the accident did not cause any casualties.

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