Brent Vs WTI Crude Oil – Whats The Difference? Jim Miller [cdUrZBMl960]

Brent vs WTI Crude Oil What's the Difference? That's exactly what we're going to explain in this video. If youve been interested in oil investing for any time at all, youve probably seen oil prices go up and down, and youve probably noticed that oil seems to have two different prices. One for West Texas Intermediate (WTI), and one for Brent Crude.

But not all oil was created equal. There are actually a variety of factors that we use to differentiate between them, such as the API gravity (the measurement of an oils density relative to water).

You might not think that the slight difference in price means much but the difference is actually vital youri chassin and one that every oil investor needs to understand.

WTI has an API gravity of about 39.6, making it quite light (having an API gravity over 10 means the petroleum is lighter and floats on water). It also has a sulfur content around 0.24%, making it very sweet. But WTI's reign as the global oil benchmark was overthrown by Brent crude in 2013.

Brent Crude: Simply put, the preference for Brent crude today stems from the fact that it may be a better indicator of global oil prices. aeronautica militare meteo Brent essentially draws its oil from more than a dozen oil fields located in the North Sea. It's also still considered a sweet crude, despite having a higher sulfur content than WTI.

In this video, we go into more detail on the differences between Brent paolo mieli and West Text Intermediate (WTI) crude oil, from how it started to where they are today.

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Highlights

00:00 Introduction

00:59 West Texas Intermediate (WTI) Crude Oil

02:41 Why is Brent Crude More Expensive than WTI?

04:01 The Difference Between Brent and WTI Crude Oil

06:45 Final Thoughts on the Oil Market and Crude Exports

#wticrudeoil #brent #whatsthedifference

Disclaimer: We do not provide personal investment advice. Forward looking statements and projections are subject to change and may be inaccurate. All investing carries risk. Be smart out there. And good luck.