guardian.co.uk  12 hrs ago  Comment 
Brent crude bounces back above $80 a barrel as Opec members call for cartel to curb production and force up prices The price of North Sea oil has bounced back above $80 a barrel amid speculation that Opec will agree to cut production next week at...
Benzinga  Nov 21  Comment 
Brent crude oil made its way higher on Friday after data out on Thursday showed that the U.S. economy was continuing to stabilize. The commodity traded at $79.55 at 6:50 GMT as investors kept an eye on OPEC for any indication that the cartel will...
The Hindu Business Line  Nov 21  Comment 
Brent briefly touched $80 a barrel on Friday on speculation OPEC could agree to output cuts at its meeting next week, with strong US economic data also bolstering oil prices. Venezuela re...
The Hindu Business Line  Nov 20  Comment 
Oil prices fell in Asia today as dealers anticipated Gulf members of the OPEC cartel to reject production cuts unless they are guaranteed market share, analysts said. US benchmark West Te...
Reuters  Nov 19  Comment 
* Sub-zero temperatures in the United States could lift demand
Benzinga  Nov 18  Comment 
It seems Bill Ackman and Allergan, Inc. (NYSE: AGN) are finally experiencing closure. About to make a hefty profit from Allergan’s merger with Actavis plc (NYSE: ACT), Ackman is now in no mood for any more friction. However, Allergan’s...
Benzinga  Nov 18  Comment 
Division between OPEC’s member countries added to worries about oil oversupply and kept Brent crude oil prices below $80. The commodity traded at $79.25 at 8:30 GMT on Tuesday morning as investors kept a close eye on the cartel ahead of its...


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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