QUOTE AND NEWS
TheStreet.com  Jan 28  Comment 
NEW YORK (TheStreet) -- Shares of Denbury Resources are sinking, down 8.4% to $6.54 in mid-morning trading Wednesday, as Brent crude slips below $49 a barrel following an industry report showing a bigger than expected surge in U.S. crude...
TheStreet.com  Jan 27  Comment 
NEW YORK (TheStreet) -- Shares of Energy XXI are up 11.03% to $3.12 with Brent crude futures holding above $48 on Tuesday as a weaker dollar offset the impact of a global supply glut and traders questioned if the nearly 60% price fall since...
The Hindu Business Line  Jan 27  Comment 
Reuters  Jan 27  Comment 
* Brent consolidates at $48.50/bbl GRAPHIC: Brent open interest: http://link.reuters.com/das83w
guardian.co.uk  Jan 26  Comment 
Employers in Labour-run Brent, in London, could save as much as £5,000 if they pay all workers at least £9.15 an hour A Labour council in London is due on Monday to become the first in the country to offer firms a discount on their business...
The Hindu Business Line  Jan 25  Comment 
Brent crude futures contract traded on the Intercontinental Exchange (ICE) is in a strong downtrend. The contract recorded a high of $115.71 per barrel in June last year and has tumbled 58 per...
Reuters  Jan 24  Comment 
Brent crude was buoyed on Friday by market uncertainty over the future of Saudi oil output, while U.S. crude fell on more signs of oversupply.
Reuters  Jan 23  Comment 
* Partial shutdown of Indiana refinery pressures U.S. crude (Adds settlement prices, rig count and comment)
TheStreet.com  Jan 23  Comment 
NEW YORK (TheStreet) -- Shares of Magnum Hunter Resources Corp. are higher by 20% to $1.98 in late morning trading on Friday, as some oil and energy related stocks advance after Brent crude prices rose. Brent crude is up by 1.03% to $49.02...
Reuters  Jan 23  Comment 
Brent crude rose on Friday on uncertainty over Saudi oil output following the death of King Abdullah, while U.S. crude prices fell, with traders citing a reported build at the Cushing, Oklahoma storage hub and the partial shutdown of an Indiana...




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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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