Brent

{
  "id": "MLC-T-LOG-000033",
  "term": "Brent",
  "field": "Logistics and supply chain",
  "definition": "A major trading classification of sweet light crude oil that serves as a primary global price benchmark for petroleum. Originating from the Brent oil field in the North Sea, its price directly influences the cost of refined products like gasoline and diesel, impacting transportation and logistics expenses worldwide. Brent pricing is used for over two-thirds of the world's internationally traded crude oil supplies, often contrasted with the US benchmark, West Texas Intermediate (WTI).",
  "url": "https://mlchart.com/terminology/logistics/brent/"
}