QUOTE AND NEWS
Benzinga  28 min ago  Comment 
Brent crude oil remained near Tuesday’s two month low of $101.07 on Wednesday as investors saw geopolitical tension easing. The commodity traded at $101.69 at 8:25 GMT on Wednesday morning as markets waited for US inventory data for a better...
Reuters  5 hrs ago  Comment 
* Coming up: Weekly EIA data at 1430 GMT (Rewrites throughout, adds quote, updates prices)
OilVoice  5 hrs ago  Comment 
Oil price The BrentWTI differential you may have noticed is swinging around a lot at the moment yesterday it was down to Brent rallying and WTI weaker ahead of the expiry today. Brent actually loo
Reuters  10 hrs ago  Comment 
Brent crude futures steadied near 14-month lows above $101 a barrel on Wednesday, with ample supplies putting prices at risk of further losses as worries over geopolitical tensions ease.
SeekingAlpha  Aug 19  Comment 
By Alpha Strategist: Valero Energy (NYSE:VLO) recently reported its earnings for the second quarter of 2014. The company reported total refining throughput volumes of 2.7 million barrels per day reflecting an increase of 4% compared to last year....
Reuters  Aug 19  Comment 
Brent crude prices fell to a 14-month low on Tuesday, giving up early gains as recovering Libyan output, sustained Iraqi production and weak demand offset concerns about threats to supply.
Benzinga  Aug 19  Comment 
Brent crude oil remained near a 14-month low on Tuesday with geopolitical tension easing and investors worried about a supply glut. The commodity traded at $101.82 at 7:00 GMT as markets waited for U.S. oil inventory data due out later in the...
Bloomberg  Aug 18  Comment 
Resource Investor  Aug 18  Comment 




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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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