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Commissioner of Baseball Rob Manfred at the NYSE
Commissioner of Baseball Rob Manfred speaks to CNBC Co-Anchor Bill Griffeth before he rings the closing bell at the New York Stock Exchange on Wall Street in New York City on April 4, 2016. Opening day for the New York Yankees was postponed until Tuesday due to rain. Photo by John Angelillo/UPI
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Brent Crude News
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Brent Crude is the biggest of the many major classifications of oil consisting of Brent Crude, Brent Sweet Light Crude, Oseberg and Forties. Brent Crude is sourced from the North Sea. The Brent Crude oil marker is also known as Brent Blend, London Brent and Brent petroleum. It is used to price two thirds of the world's internationally traded crude oil supplies.

The other well-known classifications (also called references or benchmarks) are the OPEC Reference Basket, Dubai Crude and West Texas Intermediate (WTI).

The name "Brent" comes from the naming policy of Shell UK Exploration and Production, operating on behalf of Exxon and Shell, which originally named all of its fields after birds (in this case the Brent Goose). It also refers to the formation layers—Broom, Rannoch, Etive, Ness and Tarbert, which are named after geographical features—lochs and glens—of the Scottish Highlands).

This article is licensed under the GNU Free Documentation License.
It uses material from the Wikipedia article "Brent Crude."