QUOTE AND NEWS
Reuters  4 hrs ago  Comment 
* Underpinned by US consumer spending data, steady China PMI
Forbes  Sep 29  Comment 
This post is co-authored with Dr. Brent Betit.
Benzinga  Sep 29  Comment 
Brent crude oil hovered near last week’s two year low and traded at $96.38 at 5:50 GMT. The commodity has been under pressure recently as a global supply glut continued to grow while some of the world’s largest consumers struggled to kick...
Forbes  Sep 26  Comment 
The global geopolitical landscape couldn’t be more complicated than it already is. There is a war in the Middle East engulfing Iraq. An international US-led coalition including Qatar, UAE and Saudi Arabia is hammering Islamic State, a terrorist...
Benzinga  Sep 26  Comment 
Brent crude oil looked poised to post a weekly loss on Friday as it continued to struggle under the weight of oversupply and an ailing global economy. The commodity traded at $96.82 at 8:10 GMT as output from around the world continued to...
MarketWatch  Sep 26  Comment 
Crude-oil futures advanced Friday, with market participants suggesting that weak oil prices appear to have largely stabilized.
Reuters  Sep 26  Comment 
* Brent, U.S. crude on pace for third straight monthly loss




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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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