QUOTE AND NEWS
Reuters  May 22  Comment 
Oil prices steadied on Friday as worries over the impact on crude supplies of war in the Middle East were balanced by reports of profit-taking ahead of a long weekend.
Benzinga  May 21  Comment 
Craig Erlam was recently a guest on #PreMarket Prep, a daily trading idea radio show hosted by Joel Elconin and Dennis Dick. Brent crude prices will see $40 a barrel before they see $100, an analyst told Benzinga Thursday. "I'm not bullish...
Reuters  May 21  Comment 
* Bulls, bears take turns in rangebound market since late April
OilVoice  May 20  Comment 
Is US shale about to make a comeback Oil prices have rebounded strongly since March. The benchmark WTI prices soared by more than 36 percent in two months and Brent has jumped by more than 25 perce
Reuters  May 19  Comment 
Brent crude oil fell below $66 a barrel on Tuesday as the dollar strengthened and on evidence of ample supplies of Middle Eastern oil despite wars in northern Iraq, Syria and Yemen.
The Hindu Business Line  May 19  Comment 
Brent oil prices dropped on Tuesday on signs of weakness at the world's top energy consumer China, while US crude futures edged up on rising demand ahead of the summer driving season. Br...
Reuters  May 19  Comment 
* Asian economies failed to fully benefit from cheap oil - HSBC
Clusterstock  May 18  Comment 
Some of Wall Street's hedge-fund community is becoming increasingly vocal about a serious problem with corporate America. Mike Novogratz, president of $70 billion investment fund Fortress Investments, gave a perfect illustration of this problem...
The Economic Times  May 18  Comment 
Hedge funds and money managers cut their bets on rising crude oil prices for the first time in two months, exchange data showed on Monday.
Reuters  May 18  Comment 
* Graphic: http://link.reuters.com/jus96s (Adds graphics, Brent speculative positions, updates prices)




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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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