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- In the United States, West Texas Intermediate is the preferred measure and pricing model. It is also slightly "sweeter" and "lighter" than Brent. West Texas Intermediate (WTI) is slightly lower in price than Brent. As of August 31, 2021, WTI was trading at around $68.50 per barrel, while Brent traded at $72.85.
www.investopedia.com/ask/answers/052615/what-difference-between-brent-crude-and-west-texas-intermediate.aspBrent Crude vs. West Texas Intermediate (WTI): The Differences
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Aug 30, 2021 · Key Takeaways. Brent Crude and West Texas Intermediate dominate the oil market, and both dictate pricing in their respective markets. OPEC, a group of 13 of the most powerful oil-exporting...
Apr 4, 2024 · Brent Crude Vs WTI Crude: Key Differences. The distinctions that set Brent and WTI apart lie not just in their geographic origins but also in their properties and market dynamics. One notable difference is the price. Historically, WTI crude traded at a premium to Brent.
Jan 24, 2024 · Explore the key differences between Brent Crude and WTI Crude Oil—two pivotal oil benchmarks, and how to strategically trade them in the oil market.
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- Extraction location. Brent crude. WTI. Extraction. North Sea. Texas, Louisiana, North Dakota. Pipeline system. To Scotland. To Oklahoma. Refinery. Northwest Europe. The Midwest and Gulf of Mexico.
- Composition. Brent crude. WTI. Sulphur content. 0.37% 0.24% API gravity. 38.0. 39.6. When oil has a low sulphur content, it is known as ‘sweet’ oil. American Petroleum Institute (API) gravity refers to the density of the oil – measured on a scale from ten to 70.
- Geopolitical influences. The political state of oil producing countries has a significant impact on the commodity’s production and price. When it comes to crude oils such as Brent and WTI, traders should keep an eye on the political climate in the Organisation of the Petroleum Exporting Countries (OPEC) regions and the US.
- Trading exchange. Brent crude. WTI. Intercontinental Exchange (ICE) New York Mercantile Exchange (NYMEX) Oil is traded on exchanges, just like shares, but they are traded in the form of oil benchmarks.
Jun 7, 2024 · The difference between Brent and WTI crude oil is where they come from and their composition, Brent crude comes from the North Sea and WTI comes from the U.S., primarily Texas, North Dakota,...
Before deciding which crude oil might best meet your investing objectives, consider the similarities and differences between these two commodities, how their prices are affected by global economic forces, and what role local economics might play in differentiating WTI versus Brent crude prices.
Feb 22, 2016 · WTI is now being transported by rail, which is significantly more expensive than by pipeline. Brent’s waterborne oil is perhaps more attractive to investors, which may be what prompted pricing hubs to adopt Brent as the benchmark while its price rose and WTI’s price stagnated.
