FA poll

The mysterious price of oil

Divergent benchmarks have kept traders guessing as to the true price of a barrel of oil.

The oil industry’s two main pricing benchmarks Brent and West Texas Intermediate WTI have never been further apart than they are these days.

At the time of writing, Brent crude was quoted on ICE at around $107 a barrel, while WTI was closer to $91. At its widest, the price disparity touched $23, which is causing havoc for hedgers such as airlines.

The cause of the disparity depends on who you ask, which means that the real price of a barrel of oil is anyone’s guess, as our readers concluded in last week’s poll.

...
¬ Haymarket Media Limited. All rights reserved.

FinanceAsia has updated its subscription model.

Registered readers now have the opportunity to read 5 articles from our award-winning website for free.

To obtain unlimited access to our award-winning exclusive news and analysis, we offer subscription packages, including single user, team (2-10 users), or office-wide licences.

To help you and your colleagues access our proprietary content, please contact us at subscriptions@financeasia.com, or +(852) 2122 5222

Article limit is reached.

Hello! You have used up all of your free articles on FinanceAsia.

To obtain unlimited access to our award-winning exclusive news and analysis, we offer subscription packages, including single user, team (2-10 users), or office-wide licences. To help you and your colleagues access our proprietary content, please contact us at subscriptions@financeasia.com, or +(852) 2122 5222