QUOTE AND NEWS
MarketWatch  Jun 28  Comment 
Oil futures finish higher for the first time in three sessions, rebounding from a Brexit-fueled selloff that sent Brent to a seven-week low on concerns of a slowdown in the global economy.
The Hindu Business Line  Jun 28  Comment 
World oil prices rebounded in Asia today on bargain-hunting but tremors from Britain’s shock vote last week to leave the European Union continue to weigh on sentiment.Financial markets are still reeli...
Yahoo  Jun 27  Comment 
Crude prices tumbled nearly 3 percent on Monday, with Brent hitting seven-week lows, as a rallying dollar and market uncertainty over Britain's shocking vote to exit the European Union threatened to sap more strength from oil's rebound this year....
MarketWatch  Jun 27  Comment 
Oil futures end lower as investors worry about global energy demand and shun assets perceived as risky in the aftermath of the U.K.’s unexpected decision to leave the European Union.
Reuters  Jun 27  Comment 
Crude prices tumbled nearly 3 percent on Monday, with Brent hitting seven-week lows, as a rallying dollar and market uncertainty over Britain's shocking vote to exit the European Union threatened to sap more strength from oil's rebound this year.
Reuters  Jun 26  Comment 
Crude prices tumbled nearly 3 percent on Monday, with Brent hitting seven-week lows, as a rallying dollar and market uncertainty over Britain's shocking vote to exit the European Union threatened to sap more strength from oil's rebound this year.
The Australian  Jun 24  Comment 
Brent crude plummets amid global uncertainty, despite little change in fundamentals.
The Times of India  Jun 24  Comment 
US benchmark West Texas Intermediate for delivery in August was down $3.11, or 6.21%, at $47.00 at around 0357 GMT. Brent crude for August was down $3.14, or 6.17%, at $47.77.
Reuters  Jun 22  Comment 
Oil prices rose in Asian trading on Wednesday, with U.S. crude joining Brent above $50 a barrel after data from the American Petroleum Institute (API) showed a larger than expected draw on stocks.
The Hindu Business Line  Jun 22  Comment 
Oil prices rose in early Asian trading on Wednesday, with US crude joining Brent above $50 a barrel after data from the American Petroleum Institute (API) showed a larger-than-expected draw on stocks...




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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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