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|This article describes a futures contract with a discrete termination or delivery date. View articles referencing this futures contract.|
NOTE:Because it is of international origin, the base ticker for Brent Crude varies depending on the financial service being used to determine the quote. On Wikinvest, the symbol SC is used, while on the NYMEX, the symbol BZ is typically used. Elsewhere, the symbol IB is occasionally employed. The logic depends entirely upon the data provider and the exchange.
Brent Crude Oil futures are delivered every year in January, February, March, April, May, June, July, August, September, October, November and December (all months).
The following is a table with Brent Crude Oil futures delivery dates and resultant tickers for 2009. For an explanation on commodity tickers see commodity ticker construction.
|Delivery Month||Full Ticker Symbol||Thomson-Reuters Symbol|
One Brent Crude Oil futures contract on the New York Mercantile Exchange is 1,000 barrels.
$0.01 per barrel.
Tick move or minimum move for the contract = $0.01 or 1ct.
Tick value = value of minimum move = 0.01 * 1000 = $10.0. 
No price limits.
Initial Margin = $7,425 USD for Non-member Customer - as of 1-June-2009
Trading ceases at the close of business on the business day prior to the 15th calendar day prior to the start of the delivery month. If the 15th calendar day is a non-business day in London, trading shall cease on the business day ( in London) immediately preceeding the day preceding the 15th calendar day.
Current pipeline export quality Brent blend as supplied at Sullom Voe.