Brent Crude, a significant benchmark for global oil prices, has specific trading hours that vary depending on the time zone. Understanding these trading hours is crucial for traders and investors involved in the Brent Crude oil market.
Key Facts
- Brent Crude trading hours:
- UK hours: The market opens at 01:00 London local time and 23:00 on Sundays. It closes at 23:00 London local time.
- EST hours: The market opens at 20:00 EST and 18:00 on Sundays. It closes at 18:00 the following day.
- Brent Crude Futures:
- Contract Symbol: The Brent Crude Futures contract symbol is “B”.
- Contract Size: Each contract represents 1,000 barrels of oil.
- Trading Price: The minimum price fluctuation is one cent ($0.01) per barrel.
- Expiration Date: Trading ceases at the end of the designated settlement period on the last Business Day of the second month preceding the relevant contract month.
Trading Hours in Different Time Zones
UK Hours:
- Opening Time: 01:00 London local time
- Opening Time on Sundays: 23:00
- Closing Time: 23:00 London local time
EST Hours:
- Opening Time: 20:00 EST
- Opening Time on Sundays: 18:00
- Closing Time: 18:00 the following day
Brent Crude Futures Contract Specifications
Contract Symbol: B
Contract Size: 1,000 barrels of oil
Trading Price: Minimum price fluctuation of one cent ($0.01) per barrel
Expiration Date: Trading ceases at the end of the designated settlement period on the last Business Day of the second month preceding the relevant contract month.
Conclusion
The Brent Crude oil market operates within specific trading hours, catering to participants from various time zones. By understanding these trading hours and the contract specifications of Brent Crude Futures, traders and investors can effectively engage in the global oil market.
Sources:
- https://capital.com/trade-brentcrude-oil
- https://www.ice.com/products/219/Brent-Crude-Futures
- https://www.market-clock.com/markets/ice/futures/b/
FAQs
What are the trading hours for the Brent oil market in UK time?
The Brent oil market opens at 01:00 London local time and closes at 23:00 London local time. On Sundays, the market opens at 23:00 and closes at 23:00.
What are the trading hours for the Brent oil market in EST time?
The Brent oil market opens at 20:00 EST and closes at 18:00 the following day. On Sundays, the market opens at 18:00 and closes at 18:00.
What is the contract symbol for Brent Crude Futures?
The contract symbol for Brent Crude Futures is “B”.
What is the contract size for Brent Crude Futures?
Each Brent Crude Futures contract represents 1,000 barrels of oil.
What is the minimum price fluctuation for Brent Crude Futures?
The minimum price fluctuation for Brent Crude Futures is one cent ($0.01) per barrel.
When does trading cease for Brent Crude Futures?
Trading for Brent Crude Futures ceases at the end of the designated settlement period on the last Business Day of the second month preceding the relevant contract month.
What is the significance of Brent Crude oil?
Brent Crude oil is a significant benchmark for global oil prices, and its trading hours cater to participants from various time zones.
How can I stay updated on the latest Brent oil market news and developments?
You can stay updated by following reputable financial news sources, industry publications, and expert analyses. Additionally, monitoring live market data and price charts can provide real-time insights into the Brent oil market.