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  2. Analysis-US Gulf Coast oil prices to take center stage as ...

    www.aol.com/news/analysis-us-gulf-coast-oil...

    Rising U.S. crude oil exports are boosting the prominence of Gulf Coast price benchmarks and buoying trading volumes on Houston contracts, eroding the significance of the Cushing, Oklahoma ...

  3. Price of oil - Wikipedia

    en.wikipedia.org/wiki/Price_of_oil

    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 ...

  4. West Texas Intermediate - Wikipedia

    en.wikipedia.org/wiki/West_Texas_Intermediate

    West Texas Intermediate. West Texas Intermediate (WTI) is a grade or mix of crude oil; the term is also used to refer to the spot price, the futures price, or assessed price for that oil. In colloquial usage, WTI usually refers to the WTI Crude Oil futures contract traded on the New York Mercantile Exchange (NYMEX).

  5. Brent Crude - Wikipedia

    en.wikipedia.org/wiki/Brent_Crude

    The Brent Crude oil marker is also known as Brent Blend, London Brent and Brent petroleum. This grade is described as light because of its relatively low density, and sweet because of its low sulphur content. Brent is the leading global price benchmark for Atlantic basin crude oils.

  6. Benchmark (crude oil) - Wikipedia

    en.wikipedia.org/wiki/Benchmark_(crude_oil)

    Benchmark (crude oil) A benchmark crude or marker crude is a crude oil that serves as a reference price for buyers and sellers of crude oil. There are three primary benchmarks, West Texas Intermediate (WTI), Brent Blend, and Dubai Crude. Other well-known blends include the OPEC Reference Basket used by OPEC, Tapis Crude which is traded in ...

  7. Stocks rise, oil surges with focus on Middle East conflict ...

    www.aol.com/finance/us-futures-tumble-middle...

    Oil prices jumped to start the week amid speculation that key crude-producing countries in the region could be pulled into the fray. WTI crude oil futures and Brent crude futures ...

  8. Futures contract - Wikipedia

    en.wikipedia.org/wiki/Futures_contract

    Markets are said to be normal when futures prices are above the current spot price and far-dated futures are priced above near-dated futures. The reverse, where the price of a commodity for future delivery is lower than the expected spot price is known as backwardation. Similarly, markets are said to be inverted when futures prices are below ...

  9. Oil-storage trade - Wikipedia

    en.wikipedia.org/wiki/Oil-storage_trade

    The oil-storage trade, also referred to as contango, is a market strategy in which large, often vertically-integrated oil companies purchase oil for immediate delivery and storage—when the price of oil is low— and hold it in storage until the price of oil increases. [1] Investors bet on the future of oil prices through a financial ...

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