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Commodities Briefing - Categorized | Index, Oil more

Index changes weigh on oil

Posted on 18 October 2011

West Texas Intermediate, once the unassailable global crude-oil benchmark, is under siege on a new front.
For months, many producers, traders and investors have considered the rival European Brent blend a better barometer of global demand. They cited a glut of oil in the U.S. as distorting prices of the West Texas blend traded on the New York Mercantile Exchange in New York……………………………………….Full Article: Source


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