RT, general Forex firm platform shows what OIL and WIT are, why are there two different prices,
Local, very strong, has begun to gradually withdraw from the stage of history. Of course, the above valuation part refers to the spot trading in futures trading, NYMEX WTI is still the largest crude oil futures trading varieties, the other crude oil futures prices (such as ICE BRENT, DME OMAN) has a great guiding role and influence
WTI crude oil is the United States crude oil, traded on the New York Mercantile Exchange, that is, NYMEX WTI, although he is also an important part of the world's crude oil pricing system, but because it is only for the U.S.
Brent crude oil is a kind of crude oil in Beihai, in London commodity futures market transactions, is also known as the ICE Brent, currently in the world except part of the Middle East and the Far East oil, most of the region's crude oil (such as Beihai, Africa, Latin America, Canada, and parts of the Middle East and the Far East to the valuation of European exports of crude oil the DTD are the Brent valuation)!
