Brent Crude

5 Fact about Brent Crude 5.4.018

May 3rd, 2018 Filed under Crude Oil, Future Trading News | Comment (0)


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Dear Traders,
5 Facts about Brent Crude 
By Senior Broker, Mark O’ Brien

Brent crude is a primary classification of crude oil used as a reference price for trading crude oil around the world. It is also known as London Brent and Brent Blend.

It was first extracted in 1976 from a small area in the North Sea called the Brent field by Shell U.K. Limited (now Royal Dutch Shell), which made it a practice of naming oil fields after water birds.  For this particular area, the name comes from a small water bird called the Brent goose.

While the Brent field is now no longer economically viable, Brent crude is now comprised of oil extracted from fifteen later-developed oil fields located throughout the North Sea, an area of roughly 220,000 square miles.  This area comprises by far the largest oil reserves in western Europe – land or sea.


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