QUOTE AND NEWS
Reuters  5 hrs ago  Comment 
* China July factory sector grows at fastest pace in 18 months
Benzinga  9 hrs ago  Comment 
Brent crude oil traded near $108 on Thursday morning after unexpectedly strong Chinese data suggested rising global demand. The commodity traded at $107.86 at 8:30 GMT on Thursday. Data out on Thursday showed that China’s HSBC...
Resource Investor  Jul 23  Comment 
The EIA report is projected to show that nationwide crude supplies declined by 2.9 million barrels to 372.1 million.
Benzinga  Jul 23  Comment 
Brent crude oil retreated on Wednesday, shaking off supply worries due to geopolitical tension and falling under pressure from an oversupplied market. The commodity traded at $107.21 at 8:40 GMT on Wednesday morning as investors awaited US...
Benzinga  Jul 22  Comment 
Brent crude oil was on the rise on Tuesday morning, trading at $107.98 at 9:00 GMT. The commodity was boosted by the ongoing geopolitical issues around the globe as well as expectations for a further draw in US crude stockpiles. American...
Reuters  Jul 22  Comment 
* U.S. crude stockpiles expected to fall 2.8 million barrels on week
Reuters  Jul 21  Comment 
* U.S. blames Russia for complicity in shooting down flight MH17




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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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