Brent Crude Oil
Category
Energy
Exchange
NYMEX (CME Group) / ICE
Contract Size
1,000 barrels of North Sea Brent crude (financial settlement)
Symbol
BZ
About Brent Crude Oil
Brent Crude Oil futures are the international benchmark for crude oil pricing, used to price roughly two-thirds of the world's traded oil. While WTI is landlocked (Cushing, OK delivery), Brent reflects seaborne crude pricing. The Brent-WTI spread is one of the most actively traded energy spreads.
Brent Crude Oil Price Chart
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Contract Specifications
- Contract Size
- 1,000 barrels of North Sea Brent crude (financial settlement)
- Tick Size / Value
- $0.01 per barrel = $10.00 per tick
- Exchange
- NYMEX (CME Group) / ICE
Trading Hours
Sun 18:00 – Fri 17:00 ET (CME). ICE Brent trades 01:00–23:00 LDN Mon–Fri.
Margin Notes
Similar margins to CL. Exchange maintenance margin ~$6,000–$8,000.
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