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Brent crude oil vs WTI oil: what are the key differences?

Discover two of the most popular oil benchmarks in the world – Brent crude and West Texas Intermediate. Here, you’ll learn about the differences between them, and find out how to start trading oil.

What is Brent crude oil?

Brent crude oil is a blended oil (a mix of brent, forties, oseberg and ekofisk) drilled from below the North Sea. It is popularly refined into diesel fuel and gasoline. In trading, Brent is one of the benchmarks for oil in the wider market, such as the Middle East, Europe and Africa.
What is WTI oil?

WTI (West Texas Intermediate) oil – US crude with IG – is a blend of several oils drilled and processed in the United States. It is commonly used for gasoline refining. In the trading world, WTI is primarily a benchmark for the US oil market.
Source: IG Bank

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