NSE To Launch Dated Brent Crude Oil Futures From April 13
NSE launches Dated Brent Crude Oil Futures on April 13, enabling hedging against global crude price fluctuations.
The National Stock Exchange (NSE) will begin trading Dated Brent Crude Oil (Platts) futures from April 13, 2026, expanding its commodity derivatives offerings with a contract linked to a key global oil benchmark. The new futures contract will be traded under the symbol BRCRUDEOIL and is based on the S&P Global Energy (Platts) Dated Brent assessment.
In a circular, the NSE said it had received approval from the Securities and Exchange Board of India (SEBI) to introduce the contracts in its commodity derivatives segment. “The exchange is pleased to inform its members that Dated Brent Crude Oil (Platts) Futures contracts would be available for trading in the NSE commodity derivatives segment with effect from April 13, 2026,” the bourse stated.
The move is aimed at providing market participants, including traders and corporates, with a hedging tool aligned with international crude oil benchmarks. The contracts will be listed on a monthly basis and are designed to facilitate price risk management for participants exposed to global crude price fluctuations.
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Trading for the contracts will take place from Monday to Friday between 9:00 am and 11:30 pm or 11:55 pm, depending on United States daylight saving time. The contracts will be cash-settled, with the final settlement price calculated based on the monthly simple average of Platts Dated Brent assessments, converted into Indian rupees using the Reserve Bank of India’s USD-INR reference rate.
The NSE noted that the contracts will adhere to the quality specifications prescribed by S&P Global Energy (Platts). Analysts say the introduction of Dated Brent Crude Oil futures could increase liquidity in the Indian commodity derivatives market and help domestic participants better manage exposure to global crude price volatility.
With this addition, the NSE strengthens its portfolio of commodity derivatives linked to global benchmarks, joining other exchanges in providing sophisticated tools for risk management and price discovery in the Indian market.
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