Brent Crude Oil refers to a sweet crude oil extracted in the North Sea, mainly used to produce diesel and lubricating oil. It is one of the most important crude oils in the world and one of the most traded futures contracts.

Brent crude oil is characterized by moderate density, low sulfur content, good processability, and good stability and adaptability. These characteristics make Brent crude oil have a high status and influence in the global crude oil market, and it has also become one of the important reference prices in the global crude oil market.

The price of Brent crude oil is affected by many factors, including supply and demand conditions, political situation, monetary policy, weather, etc. In recent years, the global energy transition and carbon neutrality goals, as well as the epidemic and other factors, have affected the demand and price of Brent crude oil.

Compared to WTI crude oil, the price of Brent crude oil is relatively stable and has a wider range of applications in the European and Asian markets. At the same time, the price of Brent crude oil is relatively high due to the higher extraction costs in the North Sea. These factors make Brent crude oil one of the important reference prices in the global crude oil market.

In short, Brent crude oil is a kind of low sulfur, moderate density crude oil, with good processing characteristics and stability, has become one of the important reference prices in the global crude oil market. The price of Brent crude oil is affected by many factors, which has important reference significance for investors and related industries.