Good quality: WTI is taken into account a "light-weight sweet" crude oil, that is easier to refine, although Brent is often a mixture of crude oils, together with both equally "gentle sweet" and "weighty sour" grades.
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two. Composition: Brent crude oil is a blend of oil from several fields, which makes it a mix of varied features. WTI is a lighter and sweeter crude oil having a lessen sulfur articles, making it simpler to refine.
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WTI and Brent oil futures are standardized contracts traded on futures exchanges. Every single contract signifies a particular amount (normally 1,000 barrels) of oil being sent in a specified foreseeable future date.
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“WTI and Brent might choose a more in-depth look at essential resistance close to $sixty five and $sixty nine, respectively. Even so, the key problem is whether nowadays’s information marks peak optimism, provided the small likelihood of a full U.S. retreat from its stance on China,” the strategist mentioned.