Brent Crude oil, the international benchmark for global oil pricing.
Brent Crude (UKOIL) is the international benchmark for over two-thirds of the world's crude oil trading, sourced from the North Sea. It typically commands a small premium over WTI due to its lower sulphur content and ease of sea transport to multiple global markets. Prices are driven by OPEC+ output decisions, geopolitical risk in producing regions, global demand outlooks, and USD strength. Brent is popular with traders who prefer the global macro perspective over the US-centric WTI contract.
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