QUOTE AND NEWS
Mondo Visione  Jul 2  Comment 
Intercontinental Exchange (NYSE: ICE), the leading global network of exchanges and clearing houses, today announced that ICE Futures Europe, the UK’s leading multi-asset class derivatives exchange, has established an Oversight...
Yahoo  Jun 29  Comment 
Brent crude was down $1.18 at $62.08 a barrel by 1316 GMT. "This may be the time when we break lower and into the $50s for Brent as we have a full week of uncertainty," said Bjarne Schieldrop, head of commodity analysis at SEB in Oslo....
Forbes  Jun 28  Comment 
WTI and Brent crude oil may be forming wedge chart patterns that are worth paying attention to.
Yahoo  Jun 26  Comment 
Crude futures ended little changed on Friday after signs Greece might have a deal by the weekend to avoid a debt default, while Iran faced continued difficulty in securing an nuclear agreement to end sanctions on its oil exports. A suicide bombing...
guardian.co.uk  Jun 26  Comment 
To describe the Founders Forum London event as being a celebration of power and money is nothing short of a gross misrepresentation (So, I’m not the only woman to despair about institutional sexism in tech, the guardian.com, 25 June). Innovation...
TechCrunch  Jun 26  Comment 
 French startup Snips just raised $6.3 million (€5.6 million) in a seed round led by The Hive, with participation from Eniac Ventures, 500 startups, Brent Hoberman, Xavier Niel and Bpifrance. The company wants to add some sort of artificial...
Reuters  Jun 26  Comment 
* U.S. oil rigs down 3 this week; rig count seen rising soon (Adds settlement prices, details throughout)
Yahoo  Jun 26  Comment 
Crude futures ended little changed on Friday after signs Greece might have a deal by the weekend to avoid a debt default, while Iran faced continued difficulty in securing an nuclear agreement to end sanctions on its oil exports. A suicide bombing...
FiercePharma  Jun 25  Comment 
The good news for Allergan's ex-headquarters in Irvine, CA: CEO Brent Saunders says the operations there are still key to the company. More good news: The layoffs that hit that site are now over and done, he says.
OilVoice  Jun 23  Comment 
The global oil market is tightening slowly from a peak supply and demand imbalance in Q2 2015 according to Rystad Energys latest research. The June Global Oil Market Trends Report sees insufficient




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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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