There are two types of Crude Oil available for trading on Caltex Pro Minerss. Here are the key differences.
BRENT Crude Oil
BRENT Oil is the leading benchmark for Atlantic basin crude oils, representing the price of two-thirds of the world’s crude oil market. BRENT crude oil is extracted from the North Sea and contains more sulfur and is less light and sweet than its counterpart, WTI crude oil. BRENT oil is a favourite in European markets.
WTI Crude Oil
WTI Crude Oil or crude oil from the West Texas Intermediate stock name, is a light and sweet crude oil used as a benchmark for pricing Oil. WTI Crude Oil is lighter and sweeter than Brent oil, and contains less sulfur. WTI crude Oil is refined primarily from the Midwest and Gulf Coast region of the United States, and is the Oil type favoured in North America.