Brent Crude (BZ) Futures

$82.62
0.4800[0.58%]
as of 2024-06-14
Q

What is a Brent Crude oil future?

A

A Brent Crude futures contract involves the delivery of Brent Crude oil (harvested in the North Sea off the shore of Britain) at a certain price on a certain date.

Q

How many barrels of oil are in a Brent Crude futures contract?

A

Generally, 1,000 barrels of oil are included in a Brent Crude oil futures contract.

Q

How are oil futures calculated?

A

Oil futures are calculated by taking the price of a barrel of that particular oil and multiplying it by the size of the contract. Therefore, a contract with 1,000 barrels at $50 per barrel is worth $50,000.

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