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Aug 30, 2021 · 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 ...
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, and ...
Apr 4, 2024 · Brent is slightly heavier and less sweet compared to WTI, which is lighter and sweeter. Despite these subtle differences, both serve as high-quality oils, desirable for gasoline refinement. When it comes to trading, Brent Crude’s pricing is used to set the price for approximately two-thirds of the world’s trades, while WTI predominates in ...
Although considered both light and sweet, Brent is slightly heavier than WTI, with an API gravity of 38.06 and a sulfur content of 0.37%. At some of its worst moments, the price spread between Brent and WTI reached as high as $8 per barrel.
- Financial Writer
- 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.
Feb 22, 2023 · In this article, we'll focus on two: West Texas Intermediate (WTI) Crude Oil and North Sea Brent (Brent) Crude. 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 ...
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Jan 24, 2024 · Key Points. Brent Crude oil, sourced from the North Sea, is used as a global benchmark, while West Texas Intermediate (WTI) Crude oil, sourced from the U.S., is known for its low sulphur content and primarily used in the American market.
