Crude Oil vs Brent Crude

txrandom

Diamond Member
Aug 15, 2004
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Why is Brent Crude nearly $10 more per barrel then Crude Oil? Isn't Brent Crude usually slightly below the cost of Crude Oil?
 

ElFenix

Elite Member
Super Moderator
Mar 20, 2000
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refineries are set up to process one type of crude and change over is expensive (plus all the transport costs). so if demand for brent (mostly europe) is higher than demand for light sweet texas crude, the price can be higher.