Fri, Mar 6, 2015
A A A
Welcome preal121
RSS

Commodities Briefing - Categorized | Investment, Oil, Price Watch more

Oil price spreads affect your investments — Here’s how

Posted on 21 August 2013

The fascinating aspect of the energy industry is how what may seem like a small event can have such a large impact on companies. Today, there’s one small trend that resulted in Exxonmobilhaving a tragic quarter, while others like Devon Energy crushed earnings estimates: the Brent-WTI spread. Let’s take a look at what the spread means, and who wins and loses as the spread narrows, as it has done in recent months.
Contrary to what many may think, oil is not a universal product. Granted, the price for oil is much more global than its hydrocarbon counterpart natural gas, but there are some regional discrepancies in the price of oil. In the U.S., the two most important oil price benchmarks are the foreign Brent, and the domestic West Texas Intermediate — also known as WTI………………………………………..Full Article: Source


 Article link

This post was written by:

VRS - who has written 39533 posts on Opalesque Commodities Briefing.


Contact the author

Comments are closed.

banner
banner
March 2015
S M T W T F S
« Feb    
1234567
891011121314
15161718192021
22232425262728
293031