What's the difference between Brent and wti?

It is difficult and costly to exploit Brent crude oil at sea. American crude oil (wti crude oil) is mainly light crude oil from the Middle East, which is difficult to exploit, low in cost and good in quality. Its delivery place is in Cushing, Oklahoma, USA. So what's the difference between Brent crude oil and WTI crude oil?

1, with different origin: 1, Brent crude oil origin: Brent area in the North Sea of the North Atlantic. 2.WTI crude oil origin: produced in West Texas, USA.

2. They have different characteristics: 1. Characteristics of Brent crude oil: Brent crude oil is widely traded in futures, OTC swaps, forward and spot spot markets. At present, more than 65% of the world's physical crude oil is linked to Brent system pricing. The loading port of Brent crude oil is Sorenfu, shetland islands, Beihai. The main users are refineries located in northwest Europe and the east coast of the United States. 2.WTI crude oil features: This crude oil futures contract has good liquidity and high price transparency, and it is one of the three benchmark prices in the world crude oil market. All crude oil produced or sold in the United States is priced according to light and low sulfur WTI.

3. The price limit is different: 1, and the price limit of Brent crude oil: there is no price limit for Brent crude oil. 2.WTI crude oil price limit: WTI crude oil price limit.

I would like to introduce the difference between Brent crude oil and wti crude oil. I believe everyone has a certain understanding of this, and I hope it will help you.