QUOTE AND NEWS
Financial Times  3 hrs ago  Comment 
CEO says unconventional oil production will survive with Brent crude at $60 per barrel
OilVoice  6 hrs ago  Comment 
Mountainview Energy Ltd. TSXV MVW announces the departure of Mr. Brent Osmond Vice President Finance and Chief Financial Officer of the Company effective immediately. The Company thanks Mr. Osm
OilVoice  Jun 3  Comment 
Connacher Oil and Gas Limited CLC TSX today announced that Brent de Jong currently Chairman and a director of Connacher has been appointed Interim Chief Executive Officer replacing Christopher
Benzinga  Jun 2  Comment 
Political intelligence website GovBrain uses an automated process to analyze political "events," then ties them to a ticker symbol as a way of determining how government decisions affect the financial markets. The name, GovBrain, which founder...
MarketWatch  May 29  Comment 
If you are an international kleptocrat, you need to make sure you can take bribes without getting caught. Brent Arends has some financial advice for you.
The Hindu Business Line  May 29  Comment 
Oil prices edged higher today following a mixed US petroleum report that showed a healthy decline in crude and gasoline reserves but a rise in oil production that could aggravate the global supply...
The Economic Times  May 28  Comment 
Oil prices fell by up to 3 percent for a second straight day on Wednesday as a resurgent U.S. dollar weighed on the market.
The Hindu Business Line  May 27  Comment 
Most Gulf stock markets fell in early trade on Wednesday after Brent oil prices dropped late on Tuesday and global equities sagged. Brent crude has risen 0.9 per cent to $64.32 per barrel...
TheStreet.com  May 26  Comment 
NEW YORK (TheStreet) -- Shares of Petroleo Brasileiro Petrobras  were sinking, down 5.84% to $7.99 in midday trading Tuesday, as oil prices decline on the possibility that U.S. shale oil producers may increase drilling activity, according to...
Reuters  May 22  Comment 
Oil prices steadied on Friday as worries over the impact on crude supplies of war in the Middle East were balanced by reports of profit-taking ahead of a long weekend.




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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