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February 5th, Futures News: Economies.com analysts latest view: Brent crude oil futures prices closed lower in recent intraday trading, despite the markets attempt to gain upward momentum that could help it rebound and rise again, followed by negative signals. Although prices continue to trade above the 50-day moving average, indicating dynamic positive support, this enhances the likelihood of a price rebound in the short term, especially given that prices are trading in parallel with a minor upward trendline in the short term.February 5th - In response to US President Trumps remarks on February 4th that federal immigration enforcement needed a "more lenient approach," Minneapolis Mayor Jacob Frey stated that such a change was welcome. However, he emphasized that the presence of 2,000 federal law enforcement officers in Minneapolis is insufficient to ease the situation, and the federal government should cease its immigration enforcement operations in the city. On the same day, the White House, citing data from the Department of Homeland Security, reported that since the start of its immigration enforcement campaign last year, federal law enforcement officers have arrested more than 4,000 undocumented immigrants in Minnesota.February 5th - TSMC (TSM.N) Chairman C.C. Wei announced today that its second fab in Kumamoto, Japan, will be converted to produce 3-nanometer advanced semiconductors. According to reports, TSMC will discuss a new production plan with its Japanese partners, with the total investment expected to increase to US$17 billion. TSMCs second fab in Kumamoto was originally planned with an investment of US$12.2 billion, producing 6- to 12-nanometer semiconductors. In its January earnings call, the company stated that construction of its second wafer fab in Japan had begun, and that "the technology and capacity ramp-up schedule will be determined based on customer demand and market conditions." TSMC currently produces 3-nanometer chips in Taiwan and plans to produce 3-nanometer chips at its second wafer fab in Arizona, USA, in 2027.On February 5th, Tesla Vice President Tao Lin stated on Weibo that by 2025, the Shanghai Gigafactorys delivery volume will reach more than half of Teslas global delivery volume, and the energy storage Gigafactorys production capacity will also begin to supply multiple markets at home and abroad. This achievement is inseparable from the joint efforts of everyone.Piper Jaffray: Raises its price target for Alphabet (GOOG.O) from $365 to $395.

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.


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