The Puzzling Differential Between the Price of Oil in Different Markets
April 17, 2011 at 22:12 PM EDT
The puzzling differential between the price of oil in different markets seems to be persisting. For most of the last decade, there was very little difference between the price of West Texas Intermediate traded in Cushing, Oklahoma and that for North Sea Brent in Europe. But a $10-$15 spread between the two developed at the [...]
