QUOTE AND NEWS
OilVoice  10 hrs ago  Comment 
Due to a lack of growth in North American shale production and increased decline in mature fields a Brent price as low as 50 USDbbl is not sustainable beyond 2016 shows recent oil market research u
The Economic Times  Aug 25  Comment 
Tracking the selloff in global equity markets, benchmark Brent crude fell below $45 a barrel for the first time since March 2009.
The Times of India  Aug 24  Comment 
Brent and US crude oil futures hit their fresh 6-1/2-year lows on Monday as investors continue to worry about weak demand as China's economy slows amid a global supply surplus.
Financial Times  Aug 21  Comment 
Brent and WTI drop to lowest level since financial crisis
Yahoo  Aug 20  Comment 
Expiring front-month U.S. crude prices settled higher on Thursday in volatile trading after slumping to a fresh 6-1/2-year low as a supply glut and concerns about China's economy pressured Brent crude. U.S. futures retested support near $40 a...
MarketWatch  Aug 20  Comment 
West Texas Intermediate oil futures bounce off six-and-half year lows, but Brent crude prices fall a second day in a row.
The Hindu Business Line  Aug 19  Comment 
Oil prices fell in Asia today, giving up meagre gains in the previous session as investors await a US inventory report to gauge demand in the world’s top economy.US benchmark West Texas Inte...
CNBC  Aug 18  Comment 
Brent fell Tuesday after an equities rout in China, while U.S. crude rose on bullish U.S. housing data and bets for an inventory decline.
Yahoo  Aug 18  Comment 
Global oil benchmark Brent fell on Tuesday after an equities rout in No. 2 oil consumer China, while U.S. crude rose from a near 6-1/2 year low on bullish U.S. housing data and bets for an inventory decline. London-traded Brent (LCOc1) was down 15...




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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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