More Topics:
Playing The Great Divide Between Brent And WTI Crude Oil
Posted February 8, 2012
We Recommend...
By Paulo Santos
Crude (USO) has been, for many years, a worldwide market. Yes, there were grades of oil that had different prices, but those different prices had more to do with technical qualities of the oil, it being sour or sweeter, heavier or lighter, than with where it traded.
In such a market, the WTI (West Texas Intermediate) that traded in New York had a price that was always close to the Brent traded in London. Indeed, nothing else was to be expected, since you could even physically settle the WTI contracts by delivering Brent.
That all changed in 2011. And the change happened mostly on a technicality. READ FULL ARTICLE HERE
To find out more about the company in this article and to see if you
have business connections, click below:
blog comments powered by