QUOTE AND NEWS
Reuters  Sep 19  Comment 
* Brent trades higher on discussions over OPEC output cuts (Updates prices and market activity to settlement)
Commodity Online  Sep 19  Comment 
Refinery turnarounds, a strengthening of US heating oil demand and higher middle distillate demand in Asia will provide a constructive background for front-end Brent closer to the end of the year. Depending on how much product demand and pricing...
Benzinga  Sep 18  Comment 
Brent crude oil remained below $99 on Thursday morning after the dollar gained momentum on Wednesday following the Federal Reserve’s policy meeting. The commodity traded at $98.88 at 10:40 GMT on Thursday as investors wondered whether or not...
Reuters  Sep 18  Comment 
* Dollar index hits 4-yr high as Fed fuels rate hike fears
Benzinga  Sep 17  Comment 
Brent crude oil made its way higher on Wednesday as investors became more cautious about the outcome of the Fed meeting and many began to speculate that OPEC will cut its output in the face of falling prices. The commodity traded at $98.88 at...
Benzinga  Sep 16  Comment 
With all eyes on the Federal Reserve this week, oil prices remained soft on weaker global demand and rising supply. Brent crude oil traded at $97.52 at 10:45 GMT after falling to a 26-month low on Monday. The commodity has been under pressure...
OilVoice  Sep 16  Comment 
Oil price Technical differences to WTI and Brent yesterday the latter fell as few physical buyers were around as the old contract expired but this morning the new contract is up over a dollar. I saw
Reuters  Sep 16  Comment 
Brent crude was little changed just below $98 a barrel on Tuesday, holding gains after recovering from its lowest price in more than two years but capped by a soft global economic outlook.




RELATED WIKI ARTICLES
 

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

Wikinvest © 2006, 2007, 2008, 2009, 2010, 2011, 2012. Use of this site is subject to express Terms of Service, Privacy Policy, and Disclaimer. By continuing past this page, you agree to abide by these terms. Any information provided by Wikinvest, including but not limited to company data, competitors, business analysis, market share, sales revenues and other operating metrics, earnings call analysis, conference call transcripts, industry information, or price targets should not be construed as research, trading tips or recommendations, or investment advice and is provided with no warrants as to its accuracy. Stock market data, including US and International equity symbols, stock quotes, share prices, earnings ratios, and other fundamental data is provided by data partners. Stock market quotes delayed at least 15 minutes for NASDAQ, 20 mins for NYSE and AMEX. Market data by Xignite. See data providers for more details. Company names, products, services and branding cited herein may be trademarks or registered trademarks of their respective owners. The use of trademarks or service marks of another is not a representation that the other is affiliated with, sponsors, is sponsored by, endorses, or is endorsed by Wikinvest.
Powered by MediaWiki