QUOTE AND NEWS
MarketWatch  11 hrs ago  Comment 
Oil futures give up early gains, plunging on global supply concerns and a rebound by the U.S. dollar.
Reuters  Aug 13  Comment 
* U.S. crude settles 3 pct down, sets new 6-1/2 year low at $41.91
The Hindu Business Line  Aug 12  Comment 
Brent crude prices fell again on Wednesday as oil production hit multi-year highs and as China's currency devaluation continued, triggering concerns over the country's economic health.Brent...
Financial Times  Aug 11  Comment 
Bearish assessment of the oil market in Opec’s monthly report depresses crude
OilVoice  Aug 11  Comment 
Oil price A decent rally in the crude price yesterday and it was actually better than it looked Brent had traded as low as 48.24 during the day before rallying to close near the highs WTI not so
The Hindu Business Line  Aug 11  Comment 
Oil prices fell in Asia today as dealers focused on an upcoming US energy report for clues about production and demand levels in the world’s top crude consumer amid abundant global supplies. ...
Clusterstock  Aug 10  Comment 
By Claire Milhench LONDON (Reuters) - Crude oil futures touched multi-month lows on Monday after a weekend of mixed data from China showing higher oil imports in July but weaker trade figures overall. Brent was up 20 cents at $48.81 a barrel at...
Reuters  Aug 10  Comment 
Crude oil futures fell on Monday in early Asian trading, touching fresh multi-month lows after disappointing data from China over the weekend showed exports tumbled in the world's second largest economy.
Financial Times  Aug 7  Comment 
Prices nearing January lows when Brent hit $45 and WTI fell to $42




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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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