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 ?
30 amid growing concerns about U.S.-China trade tensions and a string of bullish news, with the price of West Texas Intermediate (WTI) for October delivery up 1.72 percent and Brent crude oil for October delivery up 1.84 percent.
Brent crude fell $ 2.08, or 3.36 percent, to settle at $ 59.81 a barrel.
Brent crude futures rose 23 cents to $64.06 a barrel at 5pm BST, while West Texas Intermediate futures fell seven cents to $56.70 a barrel.
Brent crude LCOc1 futures settled at $66.72 a barrel, climbing 20 cents.
Qatar is already supplying 500 mmcfd of LNG to Pakistan at 13.37% of Brent crude price, the contract for which was signed by the previous PML-N government.
Oil prices rose on Tuesday, with Brent crude futures recording $70.16 per barrel, up $0.05, supported by tighter global supplies that have helped to offset persistent worries that demand will be hurt by the continuing United States-Chinese trade conflict.
Brent crude futures were at $68.65 per barrel at 0534 GMT, up 89 cents, or 1.3%, from their last close, with prices underpinned by OPEC supply cuts and Middle East tensions.
When President Donald Trump began tweeting about OPEC in March 2018, Brent crude was priced between $75 to $85 per barrel.
Bu Kheder revealed that the price of future contracts of the Brent crude reached USD 61.38 per barrel since the political disturbance began in Venezuela.
Summary: Brent crude and West Texas Intermediate have been on a recovery path since start of year
According to the Economic Forecast Agency (EFA), which specializes on long-range financial market forecasts for corporate clients, prices of the international benchmark Brent crude would continue to fall month after month in the first quarter of 2019.
Datuk Seri Najib Razak warned the Pakatan Harapan government against formulating Budget 2019 on the assumption that Brent crude will remain at US$70 (RM291) per barrel.