QUOTE AND NEWS
The Economic Times  May 21  Comment 
Brent crude oil prices went past the USD 80 per barrel mark last week. Today, brent touched USD 78.87 per barrel, up 0.5 per cent from last close.
Upstream Online  Apr 25  Comment 
WTI futures slightly ahead but Brent down after recent high of $75 a barrel
Reuters  Apr 24  Comment 
Oil prices were little changed on Tuesday after Brent hit its highest level since November 2014, supported by strong demand, OPEC-led production cuts, and the prospect of renewed U.S. sanctions on Iran.
Upstream Online  Apr 24  Comment 
Benchmark touches its highest level since November 2014
Clusterstock  Apr 23  Comment 
Brent was up more than 1.5%, and West Texas Intermediate was up nearly 1% on Monday afternoon. Crude prices had been retreating early Monday, but seemed to reverse on new supply concerns. Follow oil prices in real time...
OilVoice  Apr 23  Comment 
WTI $68.38+9c, Brent $74.06+28c, Diff -$5.68 +19c, NG $2.74 +8c Oil Price After an exuberant ...
Financial Times  Apr 23  Comment 
Rising US yields bolster dollar, Wall St gives up early gains
OilVoice  Apr 20  Comment 
Oil prices are now as high as they have been for three years. At this writing, Brent is $74.14 per ...
Financial Times  Apr 19  Comment 
Brent, the international benchmark, touches $74.75 a barrel — the highest since 2014
Financial Times  Apr 18  Comment 
Supply disruptions and declines in US inventories spur rally




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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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