The BNO ETF tracks the world’s leading benchmark Brent crude oil is the petroleum that comes from the North Sea, a shallow, northeastern arm of the Atlantic Ocean, between the British Isles and the mainland of northwestern Europe. Brent is a benchmark in the oil futures market. The futures trade on the Intercontinental exchange. Petroleum from Europe, Africa, and the Middle East use the Brent benchmark for pricing. Brent is a light crude oil, but not as light as WTI or West Texas Intermedia, the crude oil traded on the CME’s NYMEX division. Brent contains around 0.37% of Sulphur, a higher level than WTI. While WTI ... (full story)