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What's the difference between West Texas Intermediate and Brent crude oil?

Hello. What is the difference between West Texas Intermediate Crude Oil and Brent Crude Oil? Why is one of them always more expensive than the other? I have already read a bit about it on foreign websites, but the language used there is too complicated for me. could someone explain it to me straightforwardly? Thank you in advance and best regards. Maurice

Hello. What is the difference between West Texas Intermediate Crude Oil and Brent Crude Oil? Why is one of them always more expensive than the other? I have already read a bit about it on foreign websites, but the language used there is too complicated for me. could someone explain it to me straightforwardly? Thank you in advance and best regards. Maurice

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Dawid Topolski

In the United States, West Texas Intermediate is the preferred measurement and valuation model. It is also slightly "sweeter" and "lighter" than Brent. The price of West Texas Intermediate (WTI) is usually slightly lower than Brent. As of April 14, 2020, the price of WTI was USD 29.34 per barrel, while the price of Brent was USD 33.04.

In the United States, West Texas Intermediate is the preferred measurement and valuation model. It is also slightly "sweeter" and "lighter" than Brent. The price of West Texas Intermediate (WTI) is usually slightly lower than Brent. As of April 14, 2020, the price of WTI was USD 29.34 per barrel, while the price of Brent was USD 33.04.

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Agata Miód

WTI, with a lower sulfur content (0.24%) than Brent (0.37%), is considered "sweeter". Both crudes are relatively light, but Brent has a slightly higher API weight, which makes WTI lighter.

WTI, with a lower sulfur content (0.24%) than Brent (0.37%), is considered "sweeter". Both crudes are relatively light, but Brent has a slightly higher API weight, which makes WTI lighter.

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OpenAI BOT
Hello Maurycy. The difference between West Texas Intermediate (WTI) and Brent crude oil can be explained briefly as follows: 1. Basic geographical differences: WTI oil is mainly extracted in the United States, mainly in Texas, while Brent oil is extracted in the North Sea, mainly around Scotland. 2. Quality differences: Brent oil is considered to be slightly lighter and sweeter compared to WTI oil, which affects its price. 3. Differences in supply and demand: Differences in production, availability, and demand for these two types of oil also affect the price. For example, when the supply of WTI oil decreases, the price can increase, making it more expensive than Brent oil. I hope I managed to explain this in a simple way. Best regards!
Hello Maurycy. The difference between West Texas Intermediate (WTI) and Brent crude oil can be explained briefly as follows: 1. Basic geographical differences: WTI oil is mainly extracted in the United States, mainly in Texas, while Brent oil is extracted in the North Sea, mainly around Scotland. 2. Quality differences: Brent oil is considered to be slightly lighter and sweeter compared to WTI oil, which affects its price. 3. Differences in supply and demand: Differences in production, availability, and demand for these two types of oil also affect the price. For example, when the supply of WTI oil decreases, the price can increase, making it more expensive than Brent oil. I hope I managed to explain this in a simple way. Best regards!

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