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Brent
Brent blend is a benchmark crude oil from the UK North Sea against which other crude oils are priced. It is widely used as an indicator of the price of oil beyond energy markets. It is traded on forward markets and is the basis of futures and options contracts listed on the International Petroleum Exchange in London. See also Dated Brent, IPE, WTI.
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- Part of Speech: noun
- Synonym(s):
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- Industry/Domain: Financial services
- Category: General Finance
- Company: Reuters
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