What are Brent crude oil and new york crude oil? What is the difference?

Brent crude oil is a North Sea crude oil, which is traded in the London Commodity Futures Market, also known as ICEBrent. At present, except for some crude oils from the Middle East and the Far East, most of the world's crude oils (such as those exported to Europe from the North Sea, Africa, Latin America and Canada, and some from the Middle East and the Far East) are priced by dtdbrent! \ x0d \ x0d \ Brent crude oil and WTI are very close in quality and price. Statistics of crude oil price in 10 show that the price rises and falls synchronously, and the former is usually about 5% lower than the latter. For example, the Brent crude oil price of 1998 is $65,438 +03.43, and the WTI of new york is $65,438+04.53; In 2004, they rose to $38.29 and $465,438+$0.60 respectively. \ x0d \ x0d \ WTI crude oil is an American crude oil, which is traded on NYMEXWTI. Although it is also an important part of the world crude oil pricing system, it has gradually withdrawn from the historical stage because it only prices American crude oil. Of course, the above pricing part refers to spot transactions. In futures trading, NYMEXWTI is still the largest variety of crude oil futures trading, which has a great guiding role and influence on other crude oil futures prices \ x0d \ x0d \ All crude oils produced or sold in the United States are priced based on light and low sulfur WTI. As a major consumer of crude oil in the United States and the global influence of the New York Futures Exchange, crude oil futures trading based on WTI has become the world's leading commodity futures. The crude oil traded by easy-forex is wti crude oil/USD. Generally speaking, crude oil futures contracts have good liquidity and high price transparency, and are one of the three benchmark prices in the world crude oil market. When the public and the media usually talk about how many dollars the oil price has exceeded, it mainly refers to this price. \ x0d \ x0d \ generally speaking: \x0d\WTI crude oil, US market, futures pricing benchmark oil. \ x0d \ x0d \ Brent crude oil, European market, spot market benchmark oil.