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WTI and Brent oil futures are standardized contracts traded on futures exchanges. Every single contract represents a specific quantity (typically 1,000 barrels) of oil to be sent at a specified foreseeable future date.
The phrase was extremely popular twenty years ago but then light if the shale revolution gathered steam. But all booms eventually end, plus a growing amount of voices are suggesting that peak manufacturing during the U.S. may quickly be upon us.
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Israel executed massive-scale navy strikes targeting Iran's nuclear and military web pages, causing a pointy increase in…
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Even though Brent and WTI have distinct characteristics, their price ranges are interconnected. Global activities, provide and desire components, and market sentiment may cause selling prices to converge or diverge between the two benchmarks.