WTI what is the difference between crude oil and CONC crude oil? Which standard
Because of the strength of the United States super oil buyers, coupled with the impact of the New York stock exchange itself, to WTI as the benchmark crude oil futures trading, commodity prices in the global commodity futures became the leader. Generally speaking, the crude oil futures contract has good fluidity and high price transparency is one of the three benchmark price of world crude oil market, the public and the media usually talked about oil prices exceeded the number of dollars, mainly refers to the price.
WTI: West Texas Intermediate crude oil produced, also known as Texas light crude oil, crude oil futures benchmark oil, which is the subject matter. Said the international oil price is basically the United States crude oil futures, less mention of Beihai, London, Brent crude oil, in addition to if there is another oil that is singapore.
WTI is the United States crude oil crude oil on the New York Mercantile Exchange, or NYMEXWTI, although he is also an important part of world crude oil pricing system, but only for the United States because of its crude oil pricing, local 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, NYMEXWTI is still the largest crude oil futures trading varieties, the other crude oil futures prices (such as ICEBRENT, DMEOMAN etc.) have a great guiding role and influence.
Brent crude oil is a kind of crude oil in Beihai, in London commodity futures market transactions, is also known as the ICEBrent, the world in addition to 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 Europe's exports of crude oil pricing) are denominated in dtdbrent!
