The trading of Brent crude originally started in the International Petroleum Exchange (IPE) in London. An open-outcry method was followed. However, the trading of this crude oil shifted to the electronic Intercontinental Exchange (ICE) in 2005. In ICE, the Brent crude oil started trading with the symbol LCO, with each contract equaling 1,000 barrels (160 m3). Brent oil contracts in the ICE are quoted in US dollars. Specifications for trading Brent Oil with Easy-Forex ® Easy-Forex ® Symbol for Brent Oil: BRT Quote convention: USD per barrel, e.g. BRT / USD = 80.00 USD per barrel. Expiration date: All BRT deals will expire at 12:00 GMT on the 15th day before the first day of the contract month. If the 15th day is a non-business day, deals will expire on the business day preceding the 15th calendar day. Click here to find out more about Rollover of BRT deals to new contracts.
Trading hours: Trading is conducted 01:30 London time until 22:30 London time, Monday to Friday. Outside these hours no opening or closing of deals will be allowed. Go to Trading Hours page to see the hours of trade for other currencies and commodities.
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