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Commodities Briefing - Categorized | Commentaries, Commodity Crisis, Oil, Price Watch more

Commodities investors hit as oil benchmarks diverge

Posted on 15 January 2009

From FT: The price difference between the world’s two main oil price benchmarks – West Texas Intermediate and Brent – widened on Wednesday to a record as inventories at the delivery point of WTI, in Cushing, Oklahoma, surged to an all-time high.

ICE February Brent traded at a record intra-day premium of $8.46 a barrel over Nymex February WTI, well above a previous peak of $6.60 a barrel set in May 2007….. Full Article: Source


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VRS - who has written 34624 posts on Opalesque Commodities Briefing.


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