QUOTE AND NEWS
Benzinga  Jan 5  Comment 
Twilio Inc (NYSE: TWLO) has a “resilient” core base business and there’s “increasing probability” of the company reaching profitability by year-end, Pacific Crest’s Brent Bracelin said in a report. He upgraded the rating on Twilio from...
New York Times  Jan 3  Comment 
The broadcaster took heat on social media for comments about the Oklahoma running back, and he addressed the criticism later in the Sugar Bowl broadcast.
MarketWatch  Jan 3  Comment 
CEO Brent Saunders promised to limit price hikes to single digit percentages once a year.
Mondo Visione  Dec 30  Comment 
Please be advised that on December 30, 2016 the settlement prices for Brent futures (BR-1.17) contracts amounted to: BR-1.17 – 56.13 
Mondo Visione  Dec 29  Comment 
The Exchange has added the Brent Oil Futures contract (BR-1.18) expired on 1 January 2018 to the trading system. The expiration date was established in accordance with paragraph 3, clause 1.5 of the contract specification. The contract corresponds...
OilVoice  Dec 20  Comment 
Oil priceThe only major item of note yesterday was a narrowing of the discount of WTI to Brent, this ...
The Hindu Business Line  Dec 18  Comment 
The deals to cut oil production by OPEC and some non-OPEC nations saw Brent crude rally nearly 20 per cent since November end to about $55 a barrel. But this sharp spike took a toll on the stocks of ...
Financial Times  Dec 14  Comment 
Rise in derivatives volumes puts focus on potential for US tax policy change




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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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