QUOTE AND NEWS
WA Business News  Aug 20  Comment 
Oil prices have risen sharply, as the dollar fell and US drillers cut rigs, feeding a rally that boosted global benchmark Brent crude to a weekly gain while US crude was virtually flat on the week.
The Hindu Business Line  Aug 17  Comment 
Oil prices steadied on Thursday after US data showed a big fall in crude stockpiles but also an increase in production, taking US crude output to its highest in more than two years. Brent crude wa...
Financial Times  Aug 16  Comment 
David Sheppard explains the recent rise in oil price
FiercePharma  Aug 14  Comment 
Nearly one year ago, as the pharma industry was beset by pricing scrutiny, Allergan CEO Brent Saunders pledged to keep his company’s hikes under 10%. Since then, that pricing rule has spread—even among companies that haven't publicly promised...
Insurance Journal  Aug 14  Comment 
A truck crash has killed dozens of calves on a south Mississippi highway, with cowboys working for hours to round up roaming survivors. Trooper Master Sgt. Brent Barfield says an 18-wheel cattle truck overturned on U.S. 84 east of Collins …
Insurance Journal  Aug 10  Comment 
Louisiana-based workers’ compensation insurance provider, LWCC, has promoted Brent Toups to vice president of policyholder services and agency relations. Toups has over 19 years of industry experience with LWCC gaining expertise in the fields of...




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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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