Futures on Brent oil

Futures on Brent oil. brent oil prices.

Crude oil futures are used oil companies for insurance of the risk of changes in the price of raw materials, as well as traders in the speculative purposes for the skalperskih operations.
Futures for oil of mark Brent online:
The Futures on Brent oil is referred to as the «BR» and is a settlement tool, i.e. the expiration date or the date of execution of futures contracts are made only mutual settlements between the participants of the transaction, the actual supply of oil under the contract is not made (as find out the date of expiration of the code of a future). The basis of the contract is the reference European brand Brent crude oil. The daily trade volume on the futures are up to several billion dollars in one session.
Futures on Urals, as well as the previous one, is a settlement, is the encoding of «UR», and the underlying asset of the contract is Russian grade black gold of the Urals. The liquidity of the instrument remains at a very low level, making it difficult to conduct speculative transactions with him. Due to the low liquidity of futures data in the online may sometimes not be displayed due to the lack of real sellers and buyers (quotes are translated from the official site of the stock exchanges).
Brent is oil, which is extracted in Europe and recognized benchmark in the international community due to its excellent quality, therefore, on the basis of the value of this grade is calculated price of other varieties of black gold, including the Russian Urals. The qualitative characteristics of Urals crude oil slightly inferior to the European raw materials, so its cost is defined as the price of Brent minus a discount. In General, these instruments show a similar trend.

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