QUOTE AND NEWS
Insurance Journal  Feb 16  Comment 
A bridge that carries highway traffic across the Ohio River near Cincinnati has been serving tens of thousands more vehicles a day than it was designed to handle. Time and traffic are wearing on the Brent Spence Bridge, which is …
Financial Times  Feb 10  Comment 
Brent jumps $1 a barrel after cartel achieves ‘one of deepest cuts’ in its history
OilVoice  Feb 9  Comment 
An extended 60-day public consultation on recommendations to decommission the Brent oil and gas fi ...
BBC News  Feb 8  Comment 
Plans to decommission the Brent field in the North Sea are lodged with the government.
guardian.co.uk  Feb 6  Comment 
After a decade of planning and consultation, removal of Brent field rigs built in 1970s could take up to 10 years to complete Shell will this week unveil a plan to dismantle four enormous oil rigs in the North Sea, kicking off a vast and...
New York Times  Feb 3  Comment 
In the new movie “David Brent: Life on the Road,” he reprises his tactless and overbearing sitcom character.
The Economic Times  Feb 3  Comment 
Brent crude, used to price international oils, added 17 cents to $56.73 in London. It shed 24 cents the previous session to $56.56.
Mondo Visione  Feb 1  Comment 
Please be advised that on February 1, 2017 the settlement prices for Brent futures (BR-2.17) contracts amounted to: BR-2.17 – 55.66




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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

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