Does anyone have any suggestions on what difference and importance between Light Sweet Crude (WTI) and Brent Crude about? what is the different amount in term of supply on market between them?
The closing price for Light on 10 Aug, 2012 is 93.4
The closing price for Brent on 10 Aug, 2012 is 113.54
Which product do most traders monitor during trading periods?
Any help will be greatly appreciated :>
Light Sweet Crude (WTI) vs Brent Crude ?
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I read some articles, but still don't know which product most traders monitor during trading periods.rhc wrote:Google can sometimes be very good for these types of questions.
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Do you have any suggestions on which one?
Thanks you very much for any suggestions
Last edited by oem7110 on Sun Aug 12, 2012 8:58 am, edited 1 time in total.
IIRC, if you do both on ICE you shouldn't have position limits on either.Aaron01 wrote:Traded on different exchanges; oil from and for different locations; also, one doesn't have position limits
But, briefly:
Brent: North Sea blend (bfoe). Global Benchmark. Better for hedging against crude derivatives such as Kerosene. Traded on ICE.
WTI: Illegal to export from the US. Delivered to Cushing, OK. Capacity issues getting oil out of Cushing. US benchmark. Traded on Nymex and ICE.
Both are high quality oils.