Benzinga  2 hrs ago  Comment 
Brent crude oil broke the $80 barrier and slipped into the 70's on Thursday. The commodity traded at $79.78 at 7:45 GMT after OPEC revealed that it was expecting to see demand fall further in 2015. In a monthly report, OPEC said it sees demand...
MarketWatch  2 hrs ago  Comment 
European stocks turn lower Thursday, with oil and gas shares under pressure as oil prices extend losses to multiyear lows.
MarketWatch  8 hrs ago  Comment 
Comments from Saudi Arabia’s oil minister fail to halt the slide in oil prices on Thursday, with brent dropping to the lowest level in four years.
Benzinga  Nov 12  Comment 
Brent crude oil approached a four-year low on Wednesday as the global supply glut outweighed the geopolitical factors threatening to cut supplies. The commodity traded at $81.22 at 7:45 GMT as investors continued to speculate about whether or not...
Reuters  Nov 12  Comment 
Brent crude slipped near $81 a barrel on Wednesday, hovering just above a four-year low as prices are pressured by the growing oil glut created by the U.S. shale boom and the restart of Libya's largest operational oilfield.
Reuters  Nov 12  Comment 
* Libya's El Sharara field shuts down hours after reopening
Commodity Online  Nov 12  Comment 
The S and amp;P GSCI is a world production-weighted commodity index which, in 2015, will be composed of 24 exchange-traded futures contracts on physical commodities across five sector


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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