Crude oil (WTI vs Brent)
Crude oil trades as two benchmarks: WTI at the Cushing pipeline hub on NYMEX, and Brent at sea on ICE, which prices most of the world's oil including India's imports. A barrel is priced off flow, storage, demand and a premium for the next barrel that might not arrive, which is how Brent rose 8% in the week supply came back. Oil feeds inflation; oil on Mochatrade.
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- NYMEXNYMEX is the New York Mercantile Exchange, part of CME Group, home of WTI crude since 1983, Henry Hub gas and…
- CushingCushing, Oklahoma is the pipeline and tank hub where WTI is delivered, so WTI depends on storage there. When Cushing…
- Crack spreadThe crack spread is the gap between the price of crude and the products refined from it, petrol and diesel. A refiner…
- Commodity tradingCommodity trading is buying and selling the price of raw materials like gold, oil, gas and copper, almost always…
- Oil risk premiumThe oil risk premium is the part of the oil price that pays for the chance the next barrel does not arrive, not for…
- Sector ETFA sector ETF holds one of the eleven GICS sectors, like XLE for energy, XLF for financials or XLK for technology. A…
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