QUOTE AND NEWS
The Hindu Business Line  59 min ago  Comment 
Brent crude rose above $54 a barrel on Tuesday, recovering some of the previous session’s losses when it dropped to a six-week low, although concerns over a worsening global supply glut kept a lid...
Wall Street Journal  4 hrs ago  Comment 
Brent Callinicos is stepping down as Uber Technologies’ chief financial officer after helping spearhead the car-hailing service’s fastest years of growth.
Yahoo  7 hrs ago  Comment 
The company has not named a replacement to Callinicos, but Gautam Gupta, "Brent's right hand on Strategic Finance" will be the acting head of the finance division, Chief Executive Travis Kalanick said in the email seen by Reuters. Callinicos, a...
Financial Times  7 hrs ago  Comment 
TheStreet.com  Mar 13  Comment 
NEW YORK (TheStreet) -- Shares of Penn West Petroleum are plunging, sharply down 8.55% to $1.39 in midday trading Friday, as Brent crude falls below $57 a barrel, following a cautious note by the International Energy Agency on the increasing...
The Hindu Business Line  Mar 13  Comment 
Brent crude steadied above $57 a barrel on Friday on bargain-hunting by investors, but the gains were capped by a steadying dollar after its fall from multi-year highs on weaker US retail sales.
Financial Times  Mar 13  Comment 
Brent crude falls to lowest in a month
Reuters  Mar 12  Comment 
* Brent, WTI fall despite dollar weakness (Updates prices, adds comment)
Reuters  Mar 12  Comment 
* U.S. stocks gain, powered by bank shares (Updates to U.S. market trading, changes dateline; previous LONDON)
The Hindu Business Line  Mar 12  Comment 
Oil prices inched higher in Asia today but the gains were capped as dealers fretted over an oversupplied global market after US crude reserves once again swelled to a record high. US benc...




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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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