Definition of North Sea Brent

Financial Terms Beginning with N

What is North Sea Brent

North Sea Brent crude is a blended, light sweet crude oil that was first recovered from the North Sea in the early 1960s. Pricing for North Sea Brent crude serves as the most widely used benchmark for many global oil markets.

Brent Crude Oil

Mostly extracted from the North Sea, Brent crude consists of Brent Blend, Forties Blend, Oserberg and Ekofisk crudes, which is collectively known as the BFOE.

Brent crude oil has a relatively low sulfur content and a relatively high gravity, which allows it to be an excellent source for producing gasoline and middle distillates. Mostly refined in Northwest Europe, Brent crude is a primary oil type in Europe and Africa.

Brent crude is one of three major oil benchmarks used for trading oil contracts, futures and derivatives. The other two major benchmarks are West Texas Intermediate (WTI) and Dubai/Oman.

GlobEx Markets Financial Dictionary of Terms, Phrases and Concepts

The GlobEx Markets financial dictionary is a reference resource that provides the definitions and explanations of various financial terms, phrases and concepts that are used in international finance and global investing. It includes a broad range of financial terms, such as those related to stocks, bonds, currencies, commodities, options, futures, crypto and much more.

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There are several benefits to using the GlobEx Markets financial dictionary, including:

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Related Investment Terms

Commodity Risk

Hard Commodity

Soft Commodity

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