QUOTE AND NEWS
WA Business News  Jul 4  Comment 
Brent oil has risen, driven higher by a threat from an Iranian commander and a drop in US crude inventories for the second week in a row.
OilVoice  Jul 4  Comment 
WTI $74.14 +20c, Brent $77.76 +46c, Diff -$3.62 +26c, NG $2.87 +1c Oil Price With the US mark ...
Reuters  Jul 2  Comment 
U.S. stocks fell on Monday as a drop in Brent crude prices dragged energy stocks lower amid a broader market decline due to an escalating trade war between Washington and its trading partners.
The Hindu Business Line  Jun 29  Comment 
Oil prices fell on Friday amid concerns about trade frictions between the United States and other major economies, although crude market conditions
Upstream Online  Jun 29  Comment 
Brent Emmett to leave Australian company after 16 years at the helm
The Economic Times  Jun 28  Comment 
Shares of oil-focused firms also climbed, helped by overnight gains in Brent prices.
The Hindu Business Line  Jun 27  Comment 
Shares of oil marketing companies declined as supply disruptions in Libya and Canada coupled with US attempts to stop Iran imports pushed oil prices h
MarketWatch  Jun 25  Comment 
Oil prices settle lower on Monday, with Brent leading the decline amid some uncertainty in the wake of an agreement by the Organization of the Petroleum Exporting Countries to ramp up production that was backed by nonmember Russia.




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

Wikinvest © 2006, 2007, 2008, 2009, 2010, 2011, 2012. Use of this site is subject to express Terms of Service, Privacy Policy, and Disclaimer. By continuing past this page, you agree to abide by these terms. Any information provided by Wikinvest, including but not limited to company data, competitors, business analysis, market share, sales revenues and other operating metrics, earnings call analysis, conference call transcripts, industry information, or price targets should not be construed as research, trading tips or recommendations, or investment advice and is provided with no warrants as to its accuracy. Stock market data, including US and International equity symbols, stock quotes, share prices, earnings ratios, and other fundamental data is provided by data partners. Stock market quotes delayed at least 15 minutes for NASDAQ, 20 mins for NYSE and AMEX. Market data by Xignite. See data providers for more details. Company names, products, services and branding cited herein may be trademarks or registered trademarks of their respective owners. The use of trademarks or service marks of another is not a representation that the other is affiliated with, sponsors, is sponsored by, endorses, or is endorsed by Wikinvest.
Powered by MediaWiki