UK Crude (Cash), commonly referred to as Brent Crude, is a major benchmark for global oil pricing. About two-thirds of the world's oil purchases are based on the price of Brent Crude Oil, the most prominent benchmark for crude oil trading. The Intercontinental Exchange (ICE) has recently begun to use Brent as a reliable barometer of global oil prices. The Brent oilfield in the North Sea is the ins