CFDs are complex financial instruments and carry a high level of risk due to leverage. A significant proportion of retail investors incur losses when trading leveraged products such as CFDs. You should carefully consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your capital.
Brent crude is the most widely used oil price benchmark in the world. It is extracted from oil fields in the North Sea (Brent, Forties, Oseberg, and Ekofisk) and serves as the benchmark for pricing approximately two-thirds of the oil traded globally. When financial media refer to “the price of oil,” they generally mean Brent.