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The ICE Brent Crude futures contract is a deliverable contract based on EFP delivery with an option to cash settle. Brent Crude is sourced from the North Sea. The name 'Brent' comes from the naming policy of Shell Oil , which originally named all of its fields after birds (in this case the Brent Goose). Oil production from Europe, Africa and the Middle East flowing West tends to be priced relative to this oil, i.e. it forms a benchmark. However, large parts of Europe now receive their oil from the former Soviet Union especially through Russia. This page provides - Brent crude oil - actual values, historical data, forecast, chart, statistics, economic calendar and news. Content for - Brent crude oil - was last refreshed on Friday, July 3, 2015.