QUOTE AND NEWS
TechCrunch  Sep 10  Comment 
 The Enterprise Gang — Paul Greenberg, Esteban Kolsky, Brent Leary, Denis Pombriant, and Steve Gillmor. This enterprise-focused show features leading independent analysts discussing the changing nature of industry influencers, thought leaders,...
WA Business News  Sep 8  Comment 
Oil prices have surged four per cent, with Brent briefly touching $US50 a barrel for the first time in two weeks, after a surprisingly huge drawdown in US crude stocks as Gulf Coast imports slumped to a record low.
Reuters  Sep 8  Comment 
Oil prices surged over 4 percent on Thursday, with Brent briefly touching $50 a barrel for the first time in two weeks, after a surprisingly huge drawdown in U.S. crude stocks as Gulf Coast imports slumped to a record low.
Reuters  Sep 8  Comment 
Oil prices surged over 4 percent on Thursday, with Brent briefly touching $50 a barrel for the first time in two weeks, after a surprisingly huge drawdown in U.S. crude stocks as Gulf Coast imports slumped to a record low.
MarketWatch  Sep 7  Comment 
The U.S. Energy Information Administration on Wednesday raised its 2016 forecasts for U.S. crude production and West Texas Intermediate and Brent crude prices. In its monthly energy outlook report, the government agency forecast an average price...
Forbes  Sep 7  Comment 
Brent Hocking founded DeLeón tequila in 2009 and, after winning numerous awards, sold it to Diageo and Diddy in 2013. Now, he’s got a new spirit backed by a younger rapper: Virginia Black whiskey, the first liquor venture undertaken by Drake,...
Forbes  Sep 7  Comment 
There is a new king in the pharma jungle.
WA Business News  Sep 6  Comment 
Global benchmark Brent crude has fallen more than half a per cent as hopes wane for an agreement between two of the biggest oil producers to freeze output to tackle a global supply glut.
MarketWatch  Sep 6  Comment 
Oil futures pull back from a rally sparked by a pact between Russia and Saudi Arabia.




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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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