Brent is the price barometer for up to two-thirds of global crude, with broad accessibility as a waterborne supply 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 more than 500 related hedging instruments since the contract launched 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 continuously evolved to incorporate new grades, ensuring its ongoing relevance.
ICE is home to the Brent futures contract, which marks its 30th anniversary this year. We transformed global oil markets with electronic trading, and have since expanded our oil complex to more than 500 related contracts, as we work with customers to shape tomorrow's oil markets.
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.