What does Brent crude mean?

(January 2015) Brent Crude may refer to any or all of the components of the Brent Complex, a physically and financially traded oil market based around the North Sea of Northwest Europe; colloquially, Brent Crude usually refers to the price of the ICE (Intercontinental Exchange) Brent Crude Oil futures contract or the contract itself.

What are Brent crude oil penultimate financial futures?

Brent Crude Oil Penultimate Financial Futures, also known as Brent Crude Oil Futures, are traded using the symbol BB, and are cash settled based on the ICE Brent Crude Oil Futures 1st nearby contract settlement price on the penultimate trading day for the delivery month.

What is the ICE Brent crude futures contract?

The ICE Brent Crude futures contract is a physically deliverable contract with an option to cash settle against the ICE Brent Index price, which is calculated the day after the last trading day of the futures contract.

What is Brent crude oil contract-for-Difference (CfD)?

Brent crude oil contract-for-difference (CFD) is a weekly spread or swap between the Dated Brent assessed price and the Second Month (or M2) Brent crude oil forward contract. They trade over a five day work week in volumes of 100 or 100,000 lots and the most recent CFD rolls to the next-week CFD on Thursday.