QUOTE AND NEWS
MarketWatch  Jul 16  Comment 
WTI oil settled at its lowest level since April, but prices for Brent’s August contract settled higher on its expiration day.
Reuters  Jul 16  Comment 
* Expectations for Cushing crude stocks rise weigh on U.S. crude
The Hindu Business Line  Jul 15  Comment 
The structure of the oil market is shifting with the one-year price curves for global Brent and US crude converging, a signal that traders say may portend the next leg down in the price rout.
The Economic Times  Jul 9  Comment 
Front-month U.S. crude futures and internationally traded Brent contracts were both up around half a dollar at 0243 GMT, at $52.13.
Insurance Journal  Jul 8  Comment 
Utah insurance agent Brent Hilton was sentenced to serve one to 15 years in prison and has been taken into custody from the Third District Court in West Jordan. Hilton pled guilty to one count of pattern of unlawful activity … The article Utah...
Reuters  Jul 8  Comment 
Brent futures prices tumbled more than 6 percent on Monday, a highly unusual move that has raised questions about whether shifting fundamentals will send the market even lower over the coming months.
The Hindu Business Line  Jul 8  Comment 
Brent's premium to Dubai crude hit the lowest in more than five years on Wednesday after the global benchmark sank on worries of weaker economic growth.In contrast, Dubai, the price mark...
Reuters  Jul 8  Comment 
Brent oil bounced back from a three-month low to around $57 a barrel on Wednesday after an industry report showed a larger-than-forecast drop in U.S. crude stocks and Iran nuclear talks failed to produce a deal.
MarketWatch  Jul 7  Comment 
The U.S. Energy Information Administration raised its 2015 forecasts for West Texas Intermediate crude prices and U.S. oil production, in a monthly report issued Tuesday. The government agency said it expects WTI prices to average $55.51 a barrel...




RELATED WIKI ARTICLES
 

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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