What are the WTI and Brent in crude oil?
Brent crude oilThe name "Brent" does not refer to the oil producing area, but from the oil policy, global oil producers Shell exploration, production, operation, Exxon Mobil, Shell oil production, mainly from Europe, Africa and the Middle East, the price of Brent crude oil is a benchmark price. The price of Russian oil major Brent oil prices.
Many reports, economic news media article also quoted WTI as a representative of the price for crude oil price trend is described, the impact of international crude oil prices and other market of crude oil, such as Beihai Brent (Brent Crude oil) crude oil, Dubai crude oil (Dubai Crude oil) and OPEC (OPEC Reference a basket of reference prices of Brent crude oil and Basket). Brent Brent said that Beihai is a light crude oil, crude oil, crude oil from Beihai in England. Brent Brent of Beihai crude oil according to the distinguishing delivery can be divided into the Beihai Brent, Brent and Brent. London and Beihai petroleum Beihai Brent crude oil prices in the international oil trade occupies an important position in the world.
The full name of WTI West Texas Intermediate (WTI), Chinese translation is WTI, as everyone knows Texas is the oil producing states, NYMEX launched crude oil futures contract is to produce goods in refinery West Texas samples for contract transactions, because the United States is the largest oil consuming country the United States, West Texas Intermediate (WTI) crude oil spot contract by many investors as the benchmark price of crude oil price changes in the international energy market
