QUOTE AND NEWS
Forbes  Apr 8  Comment 
Both WTI and Brent crude oil are still in their three month-old trading ranges, but a final breakout is likely to determine their next major move.
The Hindu Business Line  Apr 7  Comment 
Investor positions in Brent crude oil futures have risen to a historic high and outnumbered contracts in US futures by the most ever as more traders held the North Sea benchmark as a truer reflect...
Reuters  Apr 2  Comment 
Oil extended losses in volatile trading on Thursday afternoon, in anticipation of details to be announced by Iran and world powers on talks aimed at curbing Tehran's nuclear program.
Reuters  Apr 1  Comment 
* U.S. crude jumps 5 pct, Brent about 4 pct; ending 3-day drop
Yahoo  Apr 1  Comment 
Negotiators may have missed Tuesday's deadline, but they could still reach a deal to lift sanctions on Iranian oil exports today, which would send prices further south, analysts say.
Wall Street Journal  Mar 31  Comment 
Actavis PLC said total compensation for Chief Executive Brent Saunders was valued at $36.6 million last year, including a base salary of $500,000 and $25.9 million of stock awards.
New York Times  Mar 31  Comment 
A portrait of a volatile boy wonder and his path to technological vanguard.
Yahoo  Mar 31  Comment 
Oil fell for a third straight session on Tuesday, with Brent crude tumbling 12 percent for the month, as world powers entered into intense negotiations with Iran for a nuclear deal that could bring more of its oil to an oversupplied market. In...
The Economic Times  Mar 30  Comment 
Money managers increased their net long positions in Brent futures and options by 7,585 contracts to 193,196 in the week to March 24, ICE data showed.
The Hindu Business Line  Mar 30  Comment 
Brent crude prices fell below $56 a barrel on Monday, extending steep losses from the previous session, as Iran and six world powers tried to reach a deal that could add oil to the market if sanct...




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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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