QUOTE AND NEWS
TheStreet.com  Feb 3  Comment 
NEW YORK (TheStreet) -- Shares of Petrobras   are up 7.98% to $7.04 today as oil rose further on Tuesday. Brent rose 3.11% to $56.45 at 10:33 a.m. in New York. West Texas Intermediate was up 3.43% to $51.27. The rally in oil is building on...
Financial Times  Feb 3  Comment 
Brent moves higher for fourth-straight session
Clusterstock  Feb 3  Comment 
Oil is rallying again on Tuesday. B oth Brent and West Texas Intermediate crude oil are continuing their rallies, with Brent up 4.4% to above $57 a barrel while WTI prices are higher by more than 5% to around $52.50 a barrel.  In the last...
The Hindu Business Line  Feb 3  Comment 
Petrochemicals lifted Saudi Arabia’s bourse in early trade on Tuesday as oil prices strengthened, while property developers extended gains in Egypt. Brent crude traded around $55.50 per b...
guardian.co.uk  Feb 3  Comment 
Anglo-Dutch group decommissioning former cornerstone of UK oil industry in North Sea now that output has dwindled Shell is to start the process on Tuesday which will lead to the dismantling of a platform on the Brent oil field in the North Sea,...
Financial Times  Feb 2  Comment 
Billions of pounds to be spent on decommissioning Brent oil and gas platforms
Financial Times  Feb 2  Comment 
Brent adds to Friday’s powerful surge in price
Benzinga  Feb 2  Comment 
Brent Saunders, CEO of Actavis plc (NYSE: ACT), was recently on CNBC to talk about innovation at Actavis and successful model to follow for big pharma companies. Innovation At Actavis “We have as a company, our legacy companies whether...
The Hindu Business Line  Feb 2  Comment 
Oil prices fell in Asia today as dealers took profits from steep gains in volatile month-end trading last week, while a US refinery strike also weighed, analysts said. US benchmark West...
Yahoo  Jan 29  Comment 
Brent oil futures held above $48 a barrel on Thursday as speculator buying on hopes for a price rebound offset data showing record-high U.S. crude stocks. U.S. crude (CLc1) was trading at $44.26 a barrel by 6:41 a.m. ET, down 19 cents but off a...




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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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