Brent Crude

Trading Basics

Brent Crude

A type of oil extracted from the North Sea, off the UK.

Because of its constituent elements and cost to transport it can differ in price to other oil types, like West Texas Intermediate.

Other Trading Basics

Contango

This is when the futures price of a security is above the cash price at maturity. The opposite is backwardation.

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Ask Price

The ask price is the level at which a seller is willing to accept a bid on a security.

The ask price is always higher than the bid price.

Also known as the offer price.

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