QUOTE AND NEWS
Financial Times  Apr 27  Comment 
Dollar weakness and signs of easing in supply boost Brent and WTI
The Hindu Business Line  Apr 22  Comment 
Oil prices rose in Asian trade on Friday, setting crude futures on course for solid weekly gains, as market sentiment becomes more upbeat despite ongoing oversupply. International benchmark Brent c...
TheStreet.com  Apr 20  Comment 
NEW YORK (Kitco News) - Mining stocks have seen substantial gains since the start of the year, even outperforming both gold and silver prices. So, is it too late to get in the game? According to editor of popular newsletter Exploration Insights...
The Australian  Apr 20  Comment 
Brent crude slips more than 2 per cent as Kuwait workers end a three-day strike.
Benzinga  Apr 19  Comment 
Among futures-based oil exchange-traded products, the United States Oil Fund LP (ETF) (NYSE: USO) gets the most attention. USO tracks front-month West Texas Intermediate futures, the U.S. benchmark oil contract. USO And BNO However, Brent...
Motley Fool  Apr 18  Comment 
The Dow and S&P 500 moved higher last week, and these three stocks made major moves.
The Economist  Apr 18  Comment 
BETS that Brent crude would continue to rally were at their highest level since 2011, according to Deutsche Bank, when news came on April 17th of the collapse of talks in Qatar aimed at freezing output. The can-do prognoses that had preceded the...
MarketWatch  Apr 15  Comment 
Crude falls 1.2%, Brent drops 1.1% after report Iran oil minister will skip Doha
Reuters  Apr 13  Comment 
U.S., BRENT CRUDE REVERSE EARLIER LOSSES, TURN POSITIVE AFTER EIA DATA




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

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