Category Archives: Ongoining


Oil prices: oversupply, speculation, inefficiency

The price of oil is usually refers to the spot price of a barrel of benchmark crude oil. In North America, the most common oil price indicator is the West Texas Intermediate¬†(WTI) Cushing Crude Oil Spot Price, representing the price of the Texas Light Sweet crude oil which is traditionally used as a benchmark for New York Mercantile Exchange (NYMEX) oil futures contracts. The leading global price benchmark for Atlantic […]

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