What is Brent Crude Oil?

What is Brent Crude Oil?

Brent crude oil is one of the most widely traded types of crude oil in the global energy market. Extracted from the North Sea, this oil is considered a benchmark for oil prices worldwide. In global markets, investors trade Brent crude oil to profit from price movements. The price of Brent crude fluctuates based on supply and demand dynamics, geopolitical developments, and economic indicators.