Brent Crude.
classification of sweet light crude oil that serves as a major benchmark price for purchases of oil worldwide
Oil Holds Near $102 as Geopolitical Risks Offset Supply Gains
Oil prices hovered around $102 a barrel as improving Saudi export flows and possible progress in Iran talks tempered concerns over renewed U.S.-Iran conflict. China’s halt to fuel exports and reports of additional U.S. military deployments in the region kept supply risks elevated, leaving Brent on track for a weekly loss while WTI was poised to gain.
World · 9 sources · Oct 2, 2026Read it
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About Brent Crude
Brent Crude is the trading classification for the types of petroleum—sweet crude oil and light crude oil—first extracted from the Brent oilfield in the North Sea in 1976. The term Brent Crude also identifies the oil-well Brent Complex in the North Sea, in the north-west area of Europe. In finance, the term Brent Crude colloquially refers to a futures contract for Brent Crude Oil bought and sold in the Intercontinental Exchange (ICE).
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