WA Business News  4 hrs ago  Comment 
Oil prices in New York have gained following a drop in US crude inventories, while the international benchmark Brent has fallen on gloom after last week's OPEC decision to maintain output.
Bloomberg  7 hrs ago  Comment 
Brent Crude Futures Decline Seventh Time in Eight Days Brent oil fell to the lowest level in more than four years as investors digested the impact of OPEC’s decision to...
Yahoo  Dec 3  Comment 
Brent rose to $71 a barrel on Wednesday, recovering some of its losses from the previous session as a turbulent market searched for a price floor after a nearly 40 percent fall since June. Oil has seen ...
The Hindu Business Line  Dec 3  Comment 
Bloomberg  Dec 2  Comment 
Oil Rally Fizzles; Kurds Reach Deal on Exports With Iraq West Texas Intermediate and Brent crudes fell after the Iraqi government and Kurdish authorities reached an agreement...
The Hindu Business Line  Dec 2  Comment 
Brent crude slipped below $72 a barrel on Tuesday, giving up some of the gains seen on Monday, when the prices rallied for the first time in six sessions and closed up more than 3 per cent.
Benzinga  Dec 1  Comment 
Brent crude oil dipped below $70 on to start the week as the commodity continued to free-fall following OPEC’s decision not to implement a cut. The commodity traded at $68.60 at 8:30 GMT on Monday morning as investors looked to economic data for...
The Economic Times  Dec 1  Comment 
Brent crude, used to price international oils, fell $1.70 to $68.45 per barrel. Brent is off 38 per cent from its June high.


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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