Products - Brent Crude Oil

Crude Oil Derivatives (Brent and WTI) are the highest traded product in the Commodities market space.

NSE has successfully launched Brent Crude Oil Futures on 1st March 2019 with regular 100 barrels.

Crude Oil is a naturally occurring, unrefined petroleum product composed of hydrocarbon deposits and other organic materials. A type of fossil fuel, crude oil can be refined to produce usable products such as gasoline, diesel and various forms of petrochemicals. It is a non-renewable resource, which means that it can't be replaced naturally at the rate we consume it and is, therefore, a limited resource.

Brent Crude is a major trading classification of sweet light crude oil that serves as a benchmark price for purchases of oil worldwide. This grade is described as light because of its relatively low density, and sweet because of its low sulphur content. Brent Crude is extracted from the North Sea and comprises Brent, Forties, Oseberg, Ekofisk, Troll and Midlands crudes (BFOETM Quotation).

Brent is the leading global price benchmark for Atlantic basin crude oils. It is used to price two-thirds of the world's internationally traded crude oil supplies.

India is 3rd largest consumer of crude oil in the world, after the United States and China.