Brent Blend

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Brent Blend

A blend of light, sweet crude oil drilled in the North Sea. Brent blend futures are traded on the International Petroleum Exchange and are considered an important benchmark for oil prices: much of the oil coming the Middle East, Africa, and Europe is priced relative to Brent blend.
References in periodicals archive ?
Concerns surrounding an impending US-led attack on Syrian President Bashar al-Assad's regime had boosted Brent crude prices to above $117 per barrel at the end of August.
In light trade, Brent crude was down 37 cents to $110.
Currently, the industry average ratio of procurement of heavy crude oil to soft crude oil is 47:63, with Brent crude oil accounting for the rest.
Introduced in 1988, the ICE Brent Crude futures contract is the leading benchmark for light sweet crude oil, including grades in Africa, the Middle East and Asia.
During the year, IPE's electronically traded Brent crude and gas oil futures volumes began increasing as a percent of floor volume.
99 pb, while Brent crude went down in London Stock Exchange by 53 cents-0.
Total's chief executive Christophe de Margerie added that Brent crude prices had seen "a very important decrease.
Products traded on the IPE include Brent Crude futures and options, Gas Oil futures and options, and Natural Gas futures.
Dubai: Brent crude, which fell more than 4 per cent on Friday, may fall further as high inventory in the United States continues to weigh on sentiment.
Forward contracts of the Brent crude slightly dropped in the London market, on the last day of the year 2013, lower by 31 cents from its 2012 level of USD 111.
Brent crude rose above $111 a barrel on Friday after a two-day drop, as severe weather cut oil output in Europe and the United States, and with traders waiting for a US jobs report.
Asian refining margins measured against Brent crude may be around $7 to $8 a barrel compared with around $8 to $10 this year, says Sonia Song, HSBC's Asia head for oil and gas research.