Brent Blend

(redirected from Brent Crude Oil)

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 ?
Brent crude oil for December was stronger, up 45 cents at $110.
Goldman, which up until now had the highest oil price prediction among major forecasters, said it cut its 2013 Brent crude oil price forecast to $110 a barrel from the previous $130 per barrel.
7 /PRNewswire-FirstCall/ -- CME Group, the world's largest and most diverse derivatives exchange, today announced that financially settled crude oil, Brent crude oil last day, and natural gas calendar spread options contracts will trade on the New York trading floor and ClearPort(R), scheduled to begin January 25 for trade date January 26.
0 times (x), including support payments from Mobil's $200 million price guarantee, if Brent crude oil prices remain at a real $10 per barrel throughout debt maturity.
As for London's Stock Exchange, the prices of Brent crude oil rose to USD 1.
Summary: Brent crude oil slipped below $108 a barrel on Wednesday, extending five weeks of falls on signs of improving global supply.
Through the past one year, the difference between Brent crude oil and the Dubai variety has narrowed from $6 a barrel to $2.
DUBAI, United Arab Emirates, May 20 /PRNewswire/ -- Dubai Gold and Commodities Exchange (DGCX), the Middle East's leading derivatives exchange, today announced the launch of both West Texas Intermediate Light Sweet Crude (DWTI) Oil and Brent Crude Oil (DBRC) futures contracts available for trading from Tuesday 27th May.
3 cents) per share, based on a Brent crude oil price of U.
Meanwhile, the price of Brent crude oil for May delivery went down by USD 3.
Summary: Brent crude oil fell towards $108 a barrel on Friday, heading for its third straight weekly decline, with diplomatic efforts over Syria and Iran helping ease worries about risks to supply from the Middle East.
If Brent crude oil prices stay substantially above $100 per barrel, the economies of the US and Western Europe will certainly struggle in the next few months.