(EnergyAsia, February 13, Friday) — The West Texas Intermediate (WTI) oil futures price, the world’s most important crude benchmark, seems to have lost some of its relevance as a huge build-up in inventory is causing near term weakness and market distortion. As a result, the WTI has been trading below other benchmarks, including Brent oil,…
MARKETS: WTI oil pricing distorted by inventory surge
Posted on February 12, 2009 by EnergyAsia