Brent Crude Oil Last Day Financial Futures Futures
Brent crude today is often thought of as THE global benchmark price for crude oil, particularly for Europe, Asia, Africa and the Middle East. It comes from the North Sea and is a light sweet crude oil, although it has a higher sulfur content than WTI crude oil that is sourced in the United States.
And like WTI, Brent prices are susceptible to major price swings when supplies are disrupted by weather, or geopolitical events. This is important for equity investors on several levels. Knowing the fundamentals of where crude oil, where Brent or WTI is sourced and priced, can help investors determine the impact on various US, European or multinational companies.
And given that it is traded on CME Group almost 24 hours per day, it is a market that offers a fast and efficient way to get into and out of the markets. It’s also offers a more direct and clear exposure to the crude oil markets than ETF products. Knowing the fundamentals of Brent can help traders determine hedging, spreading or more aggressive strategies.