UPSC CSE Prelims 2011 Q31 — Indian Economy PYQ with Answer

In the context of global oil prices, "Brent crude oil" is frequently referred to in the news. What does this term imply?

1. It is a major classification of crude oil.

2. It is sourced from North Sea.

3. It does not contain sulphur.

Which of the statements given above is/are correct?