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Commodities Briefing - Categorized | Oil, Price Watch more

What oil price?

Posted on 10 December 2012

Just like the mythical free lunch, there is no such thing as the price of oil. That’s not to say oil isn’t priced; just that there is no single price.
Of course, there’s no single price of petrol, either, and you may well pass by several gas stations in search of a better deal. But in the oil markets there are not only differing grades (such as in density and sulphur content) in different locations, but now additionally very substantial discrepancies between the key benchmarks………………………………………..Full Article: Source

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VRS - who has written 37561 posts on Opalesque Commodities Briefing.


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