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Oil Price Information Service (OPIS) is a price reporting agency which provides information that is used for commercial contracts and trade settlement related to petroleum, gasoline, diesel, ethanol, biodiesel, LP-gas, jet fuel, crude, natural gas, petrochemicals, recycled plastics, refinery feedstocks, residual fuel, and kerosene.
The Argus Sour Crude Index (“ASCI”) has been adopted as the benchmark price for sales of crude oil by Saudi Aramco (in 2009), [2] Kuwait (in 2009) [3] and Iraq (in 2010). [4] [5] Contracts based upon ASCI are listed on the world's two largest oil exchanges, the CME Group New York Mercantile Exchange (NYMEX) and the Intercontinental Exchange ...
Oil traders, Houston, 2009 Nominal price of oil from 1861 to 2020 from Our World in Data. The price of oil, or the oil price, generally refers to the spot price of a barrel (159 litres) of benchmark crude oil—a reference price for buyers and sellers of crude oil such as West Texas Intermediate (WTI), Brent Crude, Dubai Crude, OPEC Reference Basket, Tapis crude, Bonny Light, Urals oil ...
Oil futures dropped Monday on a report that a ceasefire between Israel and Lebanon-based Hezbollah may have been reached. West Texas Intermediate sank about 3% to settle at $68.94 per barrel ...
The average price for unleaded gas in the US was sitting at $3.18 per gallon on Tuesday, according to the latest AAA data, up one penny from Monday. "[Gasoline prices] are rising, but not because ...
Meanwhile, BofA analysis shows prices could drop to an average of $65 per barrel in 2025, particularly if the Organization of Petroleum Exporting Countries (OPEC) decides to bring barrels back ...
The first index to track commodity futures prices was the Dow Jones futures index which started being listed in 1933 (backfilled to 1924). [1] The next such index was the CRB ("Commodity Research Bureau") Index, which began in 1958. Due to its construction both of these were not useful as an investment index.
Oil platform in the North Sea. Brent Crude may refer to any or all of the components of the Brent Complex, a physically and financially traded oil market based around the North Sea of Northwest Europe; colloquially, Brent Crude usually refers to the price of the ICE (Intercontinental Exchange) Brent Crude Oil futures contract or the contract itself.