meaning of Brent crude

Brent crude meaning in Business Dictionary

most commonly known of this three benchmark crude natural oils (another two tend to be 'West Texas Intermediate' and 'Dubai') against which other crude natural oils are priced. Light (API Gravity 37.5°) and nice (having reduced sulfur/sulphur content), its a blend of UNITED KINGDOM's two North-Sea essential oils: Shell Oil Company's Brent-field crude and British Petroleum business's Ninian-field crude, both of which are past their peak when it comes to production which now stands at about 500,000 barrels daily. Also called North Sea Brent crude.