The Economic Times  Oct 11  Comment 
Brent crude, slipped 0.2 per cent to $53.05 a barrel after surging as much as 3 per cent on Monday. US crude futures dipped a similar amount to $51.26.
The Hindu Business Line  Oct 10  Comment 
Brent North Sea crude rose to USD 53.45 a barrel today - its highest price in a year after President Vladimir Putin indicated Russia was ready to join measures to limit global oil production.At around...
Financial Times  Oct 3  Comment 
Brent crude climbs above $50 a barrel
Reuters  Oct 3  Comment 
Oil prices drifted on Monday after Brent crude hit $50 a barrel and U.S. crude reached three-month highs as traders weighed weaker stock markets and a strong dollar against OPEC's first planned output cut in eight years.
Mondo Visione  Sep 29  Comment 
The final settlement date of the January's Brent futures contracts (BR-1.17) is to be changed to 30 December 2016 as 2 January 2017 is a non-trading day due to public holidays in Russia.  More precise information on the final settlement date...
Benzinga  Sep 28  Comment 
Traders often read headlines about crude oil prices rising or falling in response to news. However, if you ever try to find a price quote for crude oil, things can get a bit confusing. First, it’s important to understand that crude oil comes...
Clusterstock  Sep 27  Comment 
Uber finally has a CFO. And, according to an H-1B visa application filed by the company, Uber may have had one since January, despite not making a public announcement. Uber's CFO role had been an open position since March 2015, when Brent...
Mondo Visione  Sep 21  Comment 
Effective 26 September 2016, Moscow Exchange will amend specifications of the Brent oil futures contract to specify the final settlement procedure for "mirror" Brent oil contracts of Moscow Exchange and ICE Futures Europe which are both settled...
WA Business News  Sep 20  Comment 
US oil (WTI) prices have edged up on hopes the planned restart of country's main petrol pipeline after a leak more than a week ago will boost demand, while Brent has slipped amid scepticism over a proposed deal to freeze production.
Reuters  Sep 20  Comment 
Allergan Plc CEO Brent Saunders calls them "stepping stones" - small, bolt-on acquisitions, as opposed to the mega-deals common in the drug industry. And they're expected to boost...


This article is about prices for futures contracts on a specific kind of oil. For oil prices in general, see the article on Oil Prices.

Brent Crude (also known as Brent Blend, London Brent, and Brent petroleum) is a crude oil sourced from the North Sea (the region between the British Isles, mainland Europe, and Scandinavia). It is generally classified as a light, sweet crude blend, thereby making it easy to refine. It is however, not as light as light crude (often referred to as West Texas Intermediate to distinguish the somewhat confusing nomenclature).

Prices, Tickers, and Delivery Dates

Brent Crude futures are traded on the New York Mercantile Exchange under ticker symbol BZ. Futures contracts are delivered every month of the year. (For more information on commodity tickers, check out the commodity ticker construction page.)

While Brent Crude futures have, as with most other important energy commodities, been always traded in US Dollars per barrel, Singapore's pan-Asian multi-product commodity and currency derivatives exchange - the Singapore Mercantile Exchange (SMX) - currently lists Brent Crude Futures Contracts priced in Euros[1], in a move to provide alternative, unique hedging strategies, which would benefit participants with Euro-related business considerations for example.

To-date SMX[2] is the first global exchange for Brent Crude with Euro-denominated contracts[3], and is also the first Asian exchange to list futures contracts for both Brent Crude and West Texas Intermediate Crude[4].

Light vs Heavy Crude

Heavy crude oil is typically defined as having a specific gravity greater than .933; however the distinction is often more functional than empirical, with any crude being labeled "heavy" that does not flow as well as its light counterpart.

Sweet vs Sour Crude

What makes crude oil "sweet" is a low sulfur content (typically < 0.5%) which results in lower refinery costs and fewer impurities. While this is generally the crude oil refined into gasoline, some refining companies, notably Valero Energy (VLO), have developed refining processes that allow them to refine more challenging, but cheaper, higher-sulfur petroleum.

See Also

Wikinvest © 2006, 2007, 2008, 2009, 2010, 2011, 2012. Use of this site is subject to express Terms of Service, Privacy Policy, and Disclaimer. By continuing past this page, you agree to abide by these terms. Any information provided by Wikinvest, including but not limited to company data, competitors, business analysis, market share, sales revenues and other operating metrics, earnings call analysis, conference call transcripts, industry information, or price targets should not be construed as research, trading tips or recommendations, or investment advice and is provided with no warrants as to its accuracy. Stock market data, including US and International equity symbols, stock quotes, share prices, earnings ratios, and other fundamental data is provided by data partners. Stock market quotes delayed at least 15 minutes for NASDAQ, 20 mins for NYSE and AMEX. Market data by Xignite. See data providers for more details. Company names, products, services and branding cited herein may be trademarks or registered trademarks of their respective owners. The use of trademarks or service marks of another is not a representation that the other is affiliated with, sponsors, is sponsored by, endorses, or is endorsed by Wikinvest.
Powered by MediaWiki