UKOIL (CRUDE OIL BRENT)
Fast Facts
1. Brent refers to a major crude oil benchmark originating from the North Sea, used globally to price oil.
2. It is considered one of the most traded oil futures contracts in the world, alongside West Texas Intermediate (WTI).
3. The Brent crude oil field, discovered in the 1970s, was the main source for this benchmark.
4. Brent crude is typically lighter and sweeter than other crude oils, making it easier and cheaper to refine.
5. Changes in Brent prices often reflect global economic trends and geopolitical events, influencing oil markets worldwide.
