Definition
Best known of the three benchmark crude oils (the other two are 'West Texas Intermediate' and 'Dubai') against which other crude oils are priced. Light (API Gravity 37.5°) and sweet (having low sulfur/sulphur content), it is a blend of UK's two North Sea oils: Shell Oil Company's Brent-field crude and British Petroleum Company's Ninian-field crude, both of which are past their peak in terms of production which now stands at about 500,000 barrels a day. Also called North Sea Brent crude.
Related Articles
- Types of Retirement Plans *
- Common Financial Instruments of Forex *
- "Buy Butterfly" Option Investment Strategy *
- Water Cooler Advice vs. A Financial Planner... No contest *
- Steps to Take to Improve your Credit *
- Options: How Pricing and Value Are Determined *
- Mutual Funds and Your Portfolio *
- Principles of Investing *
Related Videos
http://www.businessdictionary.com/definition/Brent-crude.html
