Peak Oil
Donate Bitcoin

Donate Paypal


PeakOil is You

PeakOil is You

chart showing price of oil

What's on your mind?
General interest discussions, not necessarily related to depletion.
Post a reply

chart showing price of oil

Unread postby Armageddon » Sat 22 Apr 2006, 18:41:09

Every chart i look at shows a different price. One says light sweet is 71.00, another shows oil at 75.00. Does anyone know where to track oil prices, and why is there so many different prices.
User avatar
Armageddon
Light Sweet Crude
Light Sweet Crude
 
Posts: 7450
Joined: Wed 13 Apr 2005, 03:00:00
Location: St.Louis, Mo
Top

Re: chart showing price of oil

Unread postby rider » Sat 22 Apr 2006, 20:29:09

Try this

Light Crude
User avatar
rider
Peat
Peat
 
Posts: 50
Joined: Tue 12 Apr 2005, 03:00:00
Location: North America
Top

Re: chart showing price of oil

Unread postby falser » Sat 22 Apr 2006, 21:58:12

Go to where oil is actually traded:
http://www.nymex.com/index.aspx
User avatar
falser
Lignite
Lignite
 
Posts: 308
Joined: Fri 12 Aug 2005, 03:00:00
Location: Arlington, VA
Top

Re: chart showing price of oil

Unread postby lakeweb » Sat 22 Apr 2006, 23:06:38

$this->bbcode_second_pass_quote('armegeddon', 'E')very chart i look at shows a different price. One says light sweet is 71.00, another shows oil at 75.00. Does anyone know where to track oil prices, and why is there so many different prices.


It is because the resource is traded in the futures market. Oil is paid for delivery in the future. There is no 'cash price' product that I know of. The best you can do is look at a chained futures price for the history. Or the near contract due for 'today's' price. Here is a nice paper on cotton futures:

http://www.cottoninc.com/AgriculturalRe ... onFutures/

Best, Dan.
User avatar
lakeweb
Lignite
Lignite
 
Posts: 246
Joined: Sun 06 Nov 2005, 04:00:00
Location: Arizona
Top
Post a reply

Return to Open Topic Discussion

Who is online

Users browsing this forum: No registered users and 4 guests



cron