QUOTE AND NEWS
Reuters  Apr 17  Comment 
* Money managers continue to raise net long positions - CFTC (Rewrites first paragraph, updates prices to settlement)
The Economic Times  Apr 17  Comment 
Brent crude for June slipped 12 cents to $63.86 a barrel. It hit a 2015 high of $64.95 on Thursday. U.S. crude for May was down 52 cents at $56.19 a barrel.
Yahoo  Apr 17  Comment 
Crude futures fell from 2015 peaks in choppy trading on Friday, but Brent's 9.6 percent weekly gain was its biggest in more than five years as Middle East turmoil and signs of lower U.S. production lifted prices. Brent June crude fell 53 cents to...
Commodity Online  Apr 17  Comment 
Iran crude exports could rise by 0.7m to 2.0m b/d by mid 2016 if sanctions are lifted, potentially taking market share from US shale in 2016. Downside pressure on forward oil prices could range from $5 to $10/bbl.
Reuters  Apr 16  Comment 
Brent crude turned higher and U.S. crude pared losses on news that a tribal group made up of former Al Qaeda militants took control of a major southern oil terminal in Yemen after military forces protecting it withdrew from the site.
New York Times  Apr 16  Comment 
As comedies become increasingly improvisational, they need an editor like Brent White to sew them together.
Reuters  Apr 16  Comment 
* But market remains oversupplied as U.S. stocks hit new record
The Hindu Business Line  Apr 16  Comment 
Brent crude oil hit 2015 highs above $63 per barrel on Thursday after a rally of more than 5 per cent the previous session, and analysts said more price rises were likely despite market oversupply...
Reuters  Apr 15  Comment 
* U.S. crude futures hit 2015 peak, May Brent contract expires
The Hindu Business Line  Apr 15  Comment 
Brent crude oil prices rose above $59 a barrel on Wednesday amid tension in the Middle East and signs of a dip in US production, but gains were capped by a report from the International Energy Age...




RELATED WIKI ARTICLES
 

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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