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oil prices

Is WTI About To Become History?

Platts, the division of McGraw-Hill that tracks oil markets and oil prices, announced it plans to launch a new physical oil price marker that it believes better reflects market dynamics in the United States.  The historical measures of oil prices, and in turn the health of the global oil market, have been West Texas Intermediate (WTI) and Brent.  WTI is generally associated with the U.S.

Energy Demand Shows Further Signs of Recovery

Yesterday, crude oil futures fell by more than $4 a barrel to settle at $40.15 as negative economic and financial news sent shivers of fear about future oil demand.  At the same time, the Southeast Asia brokerage firm, CLSA, reported that its monthly survey of Chinese purchasing managers' confidence showed a rise for the third consecutive month.  The improvement in this leading indicator dates back to the implementation of the Chinese government's economic stimulus plan. =>Continue Reading

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