Brent

Brent refers to a major trading classification of crude oil originating from the North Sea, commonly referenced in global oil markets. Recently, Brent Crude prices have exhibited significant volatility, nearing USD 110 per barrel and recently rising past $104 per barrel, marking an increase of 80% in value. The term "dated Brent" pertains to the pricing of oil shipments that are bought and sold in the North Sea.