Dated Brent

Dated Brent is a market term for a cargo of North Sea Brent blend crude oil that has been assigned a date when it will be loaded onto a tanker. Cargoes that have been assigned loading dates are referred to as dated cargoes, wet cargoes or wet barrels. Cargoes without loading dates are known as paper barrels and are traded for speculative or hedging purposes. Dated Brent prices are used, directly and indirectly, as a benchmark for a large proportion of the crude oil that is traded internationally.