QUOTE AND NEWS
The Hindu Business Line  Mar 24  Comment 
Oil prices edged up on Friday, supported by a fall in Saudi exports to the United States, but overall markets remained under pressure on the back of a world market awash with fuel. Benchmark Brent...
The Times of India  Mar 24  Comment 
COMMODITIES-TECHNICALS/OIL:TECHNICALS-Brent oil may retest resistance at $50.97
The Hindu Business Line  Mar 23  Comment 
Oil prices climbed off four-month lows on Thursday but the recovery was cautious with investors fretting that OPEC-led supply cuts were not yet reducing record US crude inventories. Brent crude, th...
The Times of India  Mar 23  Comment 
COMMODITIES-TECHNICALS/OIL:TECHNICALS-Brent oil may climb to $51.54
WA Business News  Mar 22  Comment 
Oil prices have again slipped, falling to their lowest since late November, with Brent testing the $US50 per barrel support, after data showed record high US crude inventories rising faster than expected, raising doubts over the viability of...
Financial Times  Mar 22  Comment 
Larger than expected inventories in the US raises difficult questions for cartel
The Hindu Business Line  Mar 22  Comment 
Oil prices dipped on Wednesday as rising crude stocks in the United States underscored an ongoing global fuel supply overhang despite an OPEC-led effort to cut output. Prices for front-month Brent ...
Financial Times  Mar 22  Comment 
Brent oil briefly dips below $50 while gold, yen and Treasuries rise
The Hindu Business Line  Mar 20  Comment 
Oil prices fell on Monday on rising US drilling activity and steady supplies from OPEC countries despite touted production cuts pressured already-bloated markets. Prices for benchmark Brent crude ...




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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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