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Brent
Brent is a light sweet grade of crude oil produced in the North Sea.
Brent plays a uniquely important role in the global oil industry by acting as a benchmark crude against which most other crude grades are priced.
Brent is important as a regional benchmark for a large number of light sweet crude oils produced in the North Sea. It is also used as a global benchmark for overall global crude prices.
Brent's role as a benchmark is reinforced by its active forward and derivatives markets.
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