Brent is the price barometer for 70% of global crude, with accessibility as a waterborne supply that is easily transported around the world.
By working closely with market participants to ensure their access to effective hedging mechanisms, ICE established Brent as the world’s largest oil futures contract. As a result, the Brent complex has expanded to include a vast range of hedging instruments since launch over 25 years ago, with many contracts clearable ahead of regulatory mandates.
The ICE Brent crude future is based on a basket of North Sea crudes and has evolved to incorporate new grades, ensuring its ongoing relevance.
As part of our stewardship role for the Brent oil complex, ICE Futures Europe is the benchmark administrator for the Brent Index. We provide transparent, reliable insight into the Brent benchmark to help market participants make informed decisions.