UPI en Espanol
facebook
twitter
account
search
search
Jump to
Latest Headlines Quotes Wiki
share with facebook
share with twitter
share with google
1 of 34
Opening Bell at the NYSE
An American flag moves with the wind behind a street sign for Wall Street outside of the NYSE after the opening bell at the New York Stock Exchange on Wall Street in New York City on March 23, 2015. The Dow Jones Industrial Average began the day trading moderately higher. Photo by John Angelillo/UPI
| License Photo
Latest Headlines
First Prev Page 1 of 38 Last Next
Wiki

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."