What is the News ?

Brent crude oil has recently surged to its highest point in 10 months, exceeding $93 per barrel.

Facts About:

• Brent Crude is the primary benchmark used to determine oil prices globally.
• The name "Brent" originates from the Brent oil field, which was discovered in the 1970s and became a major source of oil production.
• Roughly two-thirds of all internationally traded crude oil is priced relative to Brent, making it the most widely recognized benchmark.
• It's a type of light, sweet crude oil extracted from oil fields in the North Sea.
• Brent crude's special characteristics, such as its low density and low sulfur content, make it easier to refine into products like gasoline.
• Since it's transported by sea, it's convenient to move Brent crude oil to distant locations.
• The price of Brent Crude is influenced by several factors, including shifts in supply and demand, geopolitical events, production interruptions, and economic conditions.