Get the app →
BriefTea logoBriefTea

Every story in sixty words

Get the free app no ads · no paywall

Explained in plain English

What is Brent crude oil?

Brent crude is a major global benchmark for oil prices, often quoted in news reports. It's light, sweet crude oil extracted from the North Sea and is used to price two-thirds of the world's internationally traded crude oil. Its price movements are a key indicator of global economic health.

Stories that explain this

Pound falls below $1.35 as gas prices hit a three-year high US stocks fall after inflation data, with oil climbing above $100 Global oil prices rise after US and Iran strike each other's ships

Related explainers

What is a 'benchmark'? Why are gas prices rising? Why do markets worry about inflation? Why are my bills going up? Will my energy bills go up? Why is my petrol so pricey? Will my savings lose value? Why do prices go up?

The full catalogue

Browse every card filed under B →