QUOTE AND NEWS
MarketWatch  5 hrs ago  Comment 
Oil futures in positive territory. Strategist says buyers won’t step in, though, until they think prices have bottomed.
Reuters  7 hrs ago  Comment 
* U.S. consumer sentiment at highest in more than seven years
Benzinga  Oct 17  Comment 
Brent crude oil looked set to post its fourth loss in as many weeks as the weakening global economy weighed on prices. The commodity traded at $85.95 at 8:00 GMT as most expected to see OPEC accept the low prices rather than cutting output to...
The Hindu Business Line  Oct 17  Comment 
Oil got some respite on Friday from a four-month rout, with Brent climbing by almost a dollar to above $86 a barrel after positive US data buoyed global financial markets, although market analysts...




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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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