QUOTE AND NEWS
SeekingAlpha  Nov 23  Comment 
Financial Times  Nov 17  Comment 
Difference in price of January and February Brent contracts above $1 a barrel
Mondo Visione  Nov 14  Comment 
Due to public holidays in Russia, the final settlement date of the January Brent oil futures contracts (BR-1.17) will be changed to 30 December 2016, instead of 2 January 2017. The date will be changed technically after 1 December 2016 when the...
WA Business News  Nov 8  Comment 
Oil prices have been mixed with WTI flat and Brent falling as voters headed to the polls to elect the next president of the United States.
DailyFinance  Nov 7  Comment 
Filed under: Entertainment, Movie News By: Gibson Johns Ricky Gervais talks bringing back David Brent from "The Office" for his new film "David Brent: Life on the Road," the accompanying songbook, the evolution of fame and Donald...
The Economic Times  Nov 7  Comment 
Brent futures were trading at $46.00 per barrel, up 0.9 per cent, from Friday's close, when the commodity settled at its lowest close since August.
Financial Times  Oct 31  Comment 
Brent crude slides to one-month low




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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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