1, trading places is different:

Wti crude oil is traded in the New York Mercantile Exchange; Brent crude oil is traded on the London commodity futures market.

2. Different pricing methods:

WTI crude oil is the benchmark oil for futures pricing based on the US market. The price of WTI crude oil mainly depends on Cushing crude oil inventory. When the inventory is high, the price of WTI drops, and when the inventory is low, the price of WTI rises. Brent crude oil is the spot market benchmark oil based on the European market. The influence of Brent crude oil price mainly depends on the change of OPEC output and the change of demand in Europe and Asia. Brent crude oil and WTI crude oil are very different, and the price difference is about 5%.

3. Different producing areas:

Wti crude oil is mainly light crude oil from the Middle East, which is difficult to exploit and has low cost. Brent crude oil is mainly four kinds of crude oil off the coast of Britain and Norway, which is difficult to exploit offshore.

Tips:

① The above instructions are for reference only and do not make any suggestions.

(2) There are risks in entering the market, so investment needs to be cautious.

Reply time: July 2020-14. Please refer to the latest business changes announced by Ping An Bank in official website.

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