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How to open an FBS account?
Click the ‘Open account’ button on our website and proceed to the Personal Area. Before you can start trading, pass a profile verification. Confirm your email and phone number, get your ID verified. This procedure guarantees the safety of your funds and identity. Once you are done with all the checks, go to the preferred trading platform, and start trading.
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How to withdraw the money you earned with FBS?
The procedure is very straightforward. Go to the Withdrawal page on the website or the Finances section of the FBS Personal Area and access Withdrawal. You can get the earned money via the same payment system that you used for depositing. In case you funded the account via various methods, withdraw your profit via the same methods in the ratio according to the deposited sums.
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How to start trading?
If you are 18+ years old, you can join FBS and begin your FX journey. To trade, you need a brokerage account and sufficient knowledge on how assets behave in the financial markets. Start with studying the basics with our free educational materials and creating an FBS account. You may want to test the environment with virtual money with a Demo account. Once you are ready, enter the real market and trade to succeed.
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How to activate Level Up Bonus?
Open Level Up Bonus account in web or mobile version of FBS Personal Area and get up to $140 free to your account.
Brent
Brent
What is Brent crude?
Brent crude is the name by which goes the type of crude oil coming from nineteen oil fields in the North Sea region. This blend comprises half of the world’s oil market. It is used as one of the three main benchmarks for crude oil pricing internationally – the other two being North America’s West Texas Intermediate (WTI) and Dubai Crude from the Persian Gulf.
History of Brent blend
Initially, oil was discovered in the North Sea back in 1859. However, commercial exploration of the fields began in the mid-1960s, getting more intensive in the decade to follow. Ironically, this took place before the infamous OPEC oil crisis.
The new oil blend proved to be of high quality. Under the circumstances of the oil crisis mentioned above and the overall regional stability, production costs were beneficial.
What is Brent Crude Oil Used For?
Brent blend is considered light and sweet. In the oil industry, this means that it’s not too dense and is low on sulfur.
These qualities make the blend a perfect choice for diesel fuel and gasoline production. This is a highly influential oil blend that affects international oil pricing and is nearly half of the world’s traded crude oil, which is even more than West Texas Intermediate (WTI).
What is the Difference Between Brent and WTI?
Brent crude is used as a benchmark for several regions worldwide, including Europe, Africa and the Middle East. The American-made WTI blend is the US light oil market benchmark only. Other countries use both blends to value their crude oil.
However, WTI is cheaper due to technology nuances. Finally, Brent is considered more vulnerable than WTI, which is less affected by geopolitical uncertainties.
Brent index
Investors use the Brent index for blend-related commodity trading. It represents the average price of trading 600k barrels on the 25-day BFOE market. The index is calculated using the following elements:
- the weighted average of the BFOE market cargo trades for the first month;
- the weighted average of the BFOE market cargo trades for the second month with the addition or subtraction of a straight, non-weighted average of the spread between cargo trades of the first and the second months.
- an officially published straight, non-weighted average of ‘designated assessments’.
Conclusion
Brent news reports affect heavily international oil pricing since it is one of the world’s most significant crude oil blends. However, at the same time, the blend is vulnerable to political crises and seems to lose its dominance little by little, as the North Sea reserves are depleting and the US crude oil output is increasing.
2022-06-06 • Updated