Brent Crude is a type of crude oil that is extracted from the North Sea, located between the United Kingdom and Norway. It is one of the most important benchmarks for oil prices worldwide. Traders and investors use Brent Crude to gauge the price of oil, as it is a key indicator of global oil supply and demand. Brent Crude is known for its high quality, as it has a low sulfur content, making it easier to refine into gasoline and other products. The price of Brent Crude can fluctuate based on various factors, including geopolitical events, economic conditions, and changes in production levels by major oil-producing countries like OPEC.