Brent crude oil can be traded on the London Intercontinental Exchange and the New York Mercantile Exchange. Quotation method: USD and US cents per barrel; Minimum price fluctuation: 0.0 1 USD/barrel; Daily price limit: no price limit; Contract unit: 1 1,000 barrels (42,000 gallons); Minimum contract change: 10 USD per contract.
This is the quotation for Brent futures crude oil. Brent spot crude oil is more popular than futures crude oil, because there is no delivery date, and futures crude oil is traded by major crude oil companies.