Brent

Brent refers to Brent crude oil, a major trading classification of crude oil originating from the North Sea. It serves as a key global benchmark for oil prices, influencing the pricing of other types of crude oil worldwide. Brent crude is favored for its relatively low sulfur content, making it easier and cheaper to refine into gasoline and other products. The price of Brent crude is important for markets, economies, and consumers, as it reflects supply and demand dynamics, geopolitical factors, and overall economic health. Changes in its price can impact fuel costs and inflation worldwide.