Brent

Brent is the name given to a relatively light crude oil made from a blend of crudes from 19 oil fields in the North Sea. Brent Crude is one of the three main benchmarks for crude oil prices per barrel, along with West Texas Intermediate (WTI) from North America and Dubai Crude from the Persian Gulf. Brent is also the name of an oil field located in the North Sea off the coast of Scotland, which was discovered in 1971 and started production in 1976. Brent is an acronym for Broom, Rannoch, Etive, Ness and Tarbert – the five geological formations that form the Middle Jurassic field.