Which of the following statements is/are correct about Brent crude oil?

1. It is classified as sweet crude oil.

2. It is sourced from north sea.

a. Only 1

b. Only 2

c. Both

d. None

ANSWER: Both

Explanation:

- Brent Crude is a major trading classification of sweet light crude oil

- It serves as a major benchmark price for purchases of oil worldwide.

- Sweet crude oil is a type of petroleum with less than 0.42% sulfur.