Can price reporting agencies aim at the futures market?

When WTI crude oil prices turned negative for the first time in history, it caused chaos in the industry. The problem occurred in Cushing, Oklahoma (and it will only happen here), which is the delivery point for WTI crude. When there were more sellers than buyers, the storage facility became full and because of lockdown measures there were no trucks to take the oil anywhere else to relieve the pressure. Still, the unprecedented event has attracted scrutiny and even raised questions about the viability of some international oil benchmarks.

Posted : 01.07.2020 | 0 views

Collection : Daily NEWS



No likes for this Post yet. Click the heart button to like this post


More from this collection

Global Pandemic Still ...

If you are looking for Strategy Consulting Firms India, At Cornerstone has been helping Boards and CEOs in crafting the organization strategy for more than 25 years and been a key facilitator for the strategy implementation.

Pandemic Highlights Ne...

The Life Sciences & Healthcare industry is at a fantastic period with unprecedented improvement of health thanks to innovation. Products are developed under market forces. But as the Covid-19 pandemic demonstrates, when there is an urgent, public health need authorities have to intervene to ensure sufficient financing and reduce commercial risk to the companies.

Rog Phone 3 list of ga...

The ROG Phone 3 is powered by Qualcomm’s Snapdragon 865 Plus chip, whereas the ROG Phone 3 Strix Edition is powered by the standard Snapdragon 865. Click to know more.

A glimpse of Intel DG2...

It was just a day ago when we saw a leaked photo of Intel’s upcoming mobile processor, Tiger Lake-H, and today we have another news about the upcoming GPU. Click to know.

Google Home Mini fails...

Google Home Mini users have been facing an extremely frustrating glitch for which no solution has been provided to date. Click to know more.

OnePlus Red Cable Club...

Today, OnePlus consolidated that even further, with the launch of ‘Red Cable Privé’ club membership. Click to know more.

Pokemon Go: Mega Battl...

The Mega Combat Challenge event starts on September 11, 2020 at 8:00 a.m. and is active until September 17, 2020 at 10:00 p.m. Click to know more.

List of Sony Xperia de...

According to a post on Weibo, the Xperia 5 II, Xperia Pro 5G, Xperia 1 II, Xperia 1, Xperia 5, Xperia 10 II, Xperia 10 Plus and Xperia 10 will be getting Android 11. Click to know more.

League of Legends: Clo...

Vandiril is famous for presenting interesting interactions and bugs in the game. This time, he posted a video that revealed a bug with the Dragon Cloud Drake. Click to know more.

August 2020 security u...

Lucky is the Mi Note 10 Pro users as they officially receive the August security patch update. In this article, you will find the changelog, update details, and the link to update your Mi Note 10 Pro.

Add a comment

Login or signup to post comments
No comments yet... be the first to comment on this post.