QUOTE AND NEWS
The Hindu Business Line  Dec 2  Comment 
Brent crude is headed for its biggest weekly gain since 2009 after OPEC approved its first supply cut in eight years. While Brent futures were ruling at $53 a barrel at the ICE Futures Europe exchan...
Mondo Visione  Dec 2  Comment 
Due to official holidays in Russia, the final settlement date of the January Brent oil futures contracts (BR-1.17) will be changed on December 5th, 2016 (since 19:00 Moscow time) to 30 December 2016, instead of 2 January 2017.
The Hindu Business Line  Dec 2  Comment 
Oil prices fell on Friday on concerns whether major producers would implement an OPEC-Russia deal to cut production and as investors took profits after Brent touched a 16-month high a day earlier on ...
Mondo Visione  Dec 1  Comment 
Intercontinental Exchange (NYSE:ICE), a leading operator of global exchanges and clearing houses and provider of data and listing services, today announced that ICE Brent Crude futures achieved a daily volume record of 1,963,147...
Reuters  Dec 1  Comment 
Oil prices surged more than 4 percent on Thursday, with Brent crude at its highest in about 16 months, extending gains after OPEC and Russia agreed to restrict output to reduce the global supply glut more quickly.
Forbes  Nov 30  Comment 
Allergan CEO, Brent Saunders, has put his own money on the line, and the company is buying back 15% of it's outstanding stock. A CEO who invests $1 million in his company's stock is a CEO who is confident in his business plan. Although Allergan is...
Financial Times  Nov 30  Comment 
Oil prices rise sharply on growing hopes grow for deal to cut output
OilVoice  Nov 28  Comment 
Bellatrix Exploration Ltd. (TSX, NYSE: BXE) announces that Raymond G. Smith, the Company's President ...




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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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