The new world Oil Pricing System-Year 2000

摘要

Why? Just a couple of years ago, the WTI oil price was around $10 per barrel. Much of the annual world statistical data looks fairly normal, but the crude oil price tripled. Our answer is that the petroleum industry has invited in the finan- Cial community to help set the future energy price. In the late eighties And early nineties, many "points' were established where a trader could Conveniently make paper (financial) energy trades. The Industry has Created futures markets, WTI at Cushing, Oklahoma, Brent at Rotterdam, Natural Gas at the Henry Hub in Louisiana.