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Commodities Briefing - Categorized | Market Moves, Oil, Price Watch more

Signs of shift away from WTI

Posted on 19 January 2009

From FT: Oil traders are quietly pricing some of their deals away from the West Texas Intermediate contract, traditionally the world’s most important oil benchmark, as it is being distorted by record inventories at its landlocked delivery point.

The move is a setback for the benchmark that since the launch of the Nymex WTI futures in the early 1980s has dominated physical and financial oil markets….. Full Article: Source


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