Brent Crude Oil
a.k.a. Brent
A grade of crude oil from the North Sea whose price is the main global benchmark for oil.
In plain English
A grade of crude oil from the North Sea whose price is the main global benchmark for oil.
Brent crude started as oil from the North Sea's Brent field and is now a blend from several fields there. Its price is used to set the cost of a big share of the world's oil. The main US benchmark is WTI (West Texas Intermediate).
Oil moves currencies. Exporters like Canada and Norway tend to benefit when it rises; big importers like Japan and India feel the pinch.
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