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Glite Dictionary
Brent

Brent

3 7.4
A type of oil from the North Sea that people use to set world oil prices
  • proper noun
  • Specialized
: Brent
  • Analysts predict that Brent crude could reach $70 per barrel by the end of the year.

Examples

  • Even with Europe in recession, U.S. growth weak, and Asian growth slowing, Brent still sits at $110.

    Blog text (8)

  • And let's just take the percent change from a year ago for Brent crude prices here.

  • We chose Brent Blend and West Texas Intermediate because these are common benchmark crude oils.

    Academic text (2001)

  • For the price differentials of ANS with WTI, Brent Blend, and Forcados, estimated long-run impacts are -$1.30, -$0.98, and -$1.10, respectively.

    Academic text (2001)

  • The price of Brent crude oil is often used as a benchmark for oil markets worldwide.

  • Investors closely monitor fluctuations in Brent crude prices to inform their trading strategies.

Synonyms

crude oil
vsBrent
  • Specialized
50 3.4

A thick black oil from under the ground used to make fuel

is a specific North Sea grade used as a global price benchmark
crude
vsBrent
  • Specialized
41 5.5

Oil taken from the ground before it is made into fuel

is a specific North Sea grade used as an international pricing benchmark

Compounds

brent goose
  • UK
1 8.8

A small dark goose that breeds in the Arctic and flies south for the winter

Surface Forms

Brent main

Etymology

Brent comes from the name of the North Sea Brent oil field, which was named after the Brent goose, a bird common in that area. That's why Brent now means a kind of crude oil and is used as a global price 'benchmark'.