Brent crude

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Brent crude

A blend of crude oil from the North Sea the price of which is a benchmark against which the majority of oil traded in the world is compared.
Dictionary of Unfamiliar Words by Diagram Group Copyright © 2008 by Diagram Visual Information Limited
References in periodicals archive ?
The price of the Brent Blend crude contracts also went down by USD 1.25 to USD 58.23 pb, the same case with the West Texas Intermediate contracts, which went down by 76 to USD 54.47 pb.
Emirates' news agency WAM cited Kuwaiti counterpart KUNA reporting that Brent blend was down $2.31 to settle, at $52.16 pb, while the American benchmark crude of West Texas Intermediate (WTI), was down $1.61 to settle, at $44.61 pb.
The Brent Blend was up $1.54 to reach $70.45 per barrel, the same case with the West Texas Intermediate; up $1.58 to $65.88 per barrel, KUNA said.
Brent blend is the benchmark for pricing half the world's crude oil, and its future is important to all traders and producers.
Meanwhile, the Brent Blend was up 38 cents to $ 69.20 pb, while the West Texas Intermediate (WTI) was also up 61 cents to USD 63.57 pb, Kuwait News Agency (KUNA) reported today.
BAGHDAD / National Iraqi News Agency / nina / Oil prices rose on Monday, with the growing incidence of production disruptions in Nigeria, after the Bank of {Goldman Sachs remarks}, which indicated that "oversupply has ended, and the market has turned into a deficit." The price of Brent crude global Brent blend, in the futures contracts mounted to $ 48.79 a barrel, up 96 cents, or 2.01% bhsp , as the Russian Sputnik website said.
The proper name for the Brent blend of four crude oils making up this paper marker is different (see ICE Brent in Google); but it is still called in the industry as paper Brent or ICE Brent.
Brent Blend, Tapis, Minas and Midway Sunset Heavy are well-known classifications of what expensive commodity?
The price for WTI, meanwhile, is influenced by its European counterpart, a crude known as Brent blend, which is the benchmark for two thirds of the world's traded crude and what Europe uses as its pricing standard.
The oil market is somewhat revived, and even starts to show a kind of positive dynamics - the quotes for Brent blend again torn beyond the boundaries of its mediumterm downtrend channel around $ 105 per barrel, trying to get to a level of around $ 106 per barrel.
Taqa said it had found an oil leak in one of the legs of Cormorant Alpha, closing the platform and the pipeline system that handles a total of 90,000 barrels per day, including 10,000 bpd from Cormorant Alpha across several oilfields that contribute to Brent blend.