QUOTE AND NEWS
FX Street  5 hrs ago  Comment 
Crude After rebounding from a five-month low (103.95 USD/bbl) on Wednesday, Brent crude extended... For more information, read our latest forex news and reports.
Benzinga  6 hrs ago  Comment 
Brent crude oil made its way above $106 on Friday but looked poised to post its largest weekly decline in three months as it traded at $106.25 at 6:00 GMT. The commodity was under pressure from the prospect of Libyan oil returning to the market...
Reuters  Apr 4  Comment 
* U.S. reports solid job growth in March as winter retreats (Updates prices, changes byline, dateline (previously LONDON)     
Reuters  Apr 4  Comment 
Brent crude held above $106 a barrel on Friday, on track for its biggest weekly fall in three months, on a potential rise in Libyan oil supply as major ports could open in days.     
CNBC  Apr 3  Comment 
Brent hit its lowest since November as dealers expected a jump in Libya's supply.
Benzinga  Apr 3  Comment 
Brent crude oil slid below $105 to a near a five month low due to the prospect of increased supply. The commodity traded at $104.67 as investors looked to Libya where the government was moving closer to a deal with rebel groups which would...
CNBC  Apr 2  Comment 
Crude fell on Wednesday, with Brent tumbling by more than $1 but U.S. crude seeing modest declines.
guardian.co.uk  Apr 2  Comment 
Suburb once known for shootings experiences surge in property values greater than banker hotspots such as Chelsea For years the London borough of Brent was synonymous with Wembley stadium and Ken Livingstone's constituency when he was an MP. It...




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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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