QUOTE AND NEWS
Resource Investor  10 hrs ago  Comment 
Brent crude fell with West Texas Intermediate as a measure of Chinese manufacturing missed estimates.
Forbes  12 hrs ago  Comment 
In an era when Major League Baseball scouts have become increasingly obsessed with radar guns and pitching velocity, a pair of Ivy League control pitchers -- Kyle Hendricks and Chris Young -- have emerged as two of the game's top hurlers despite...
Benzinga  Aug 21  Comment 
Brent crude oil traded steadily below $102 on Thursday morning as investors continued to worry about oversupply rather than focusing on instability across the globe. The commodity traded at $101.64 at 8:50 GMT following the release of...
OilVoice  Aug 21  Comment 
Source U.S. Energy Information Administration Brent crude oil spot prices averaged 107 per barrel bbl in July marking the 13th consecutive month in which average Brent crude oil prices were bet
The Economic Times  Aug 21  Comment 
It is good for markets and economies which are oil consumers, such as India, and this is one factor supporting the Indian market.
Reuters  Aug 21  Comment 
Brent edged down toward $102 a barrel on Thursday, near the 14-month low hit earlier this week, as concerns over excess oil supply and slowing demand weighed on prices.




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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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