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Brent Blend
(redirected from Brent Crude Oil)

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Brent Blend
A blend of light, sweet crude oil drilled in the North Sea. Brent blend futures are traded on the International Petroleum Exchange and are considered an important benchmark for oil prices: much of the oil coming the Middle East, Africa, and Europe is priced relative to Brent blend.
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Brent crude oil held near $98 a barrel on Monday on renewed confidence that developed economies are recovering and as Saudi Arabia's oil minister predicted strong oil demand in 2011.
Brent crude near $98, Saudi sees strong demand by Financial Mirror (Cyprus)
Summary: Brent crude oil held near $98 a barrel on Monday on renewed confidence that developed economies are recovering and as Saudi Arabia's oil minister predicted strong oil demand in 2011.
Oil demand to grow 1.8M barrels a day: Saudi by Khaleej Times (Dubai, United Arab Emirates)
The OPEC Basket, including a mix of light and heavy crudes, is heavier than both Brent crude oil and West Texas Intermediate crude oil.
OPEC's crude oil barrel exceeds $91 by Aswat al-Iraq (Erbil, Iraq)
 
 
 
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