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PrincessJools

June 09, 2008

Posted by PrincessJools

What is the ticker symbol for the Price of Crude Oil?

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stevelup

June 10, 2008

Posted by stevelup

5 stars ( 1 rating )

Several prices are available in near real-time. It depends on what type of oil (West Texas Intermediate or Brent Crude- from the North Sea, are the most often quoted) and it depends on whether you're interested in the "spot" price or the futures price. The spot price is the current market value of a barrel of oil delivered today. On the NY Mercantile Exchange (NYMEX) you can see the quoted price of a barrel of oil for delivery in a future month. These prices are often different that the spot price and reflect the market's current expectation of future price changes. See http://www.eia.doe.gov/emeu/international/prices.html#CrudeSpot

You're probably just interested in the number that is in the news each day which is best viewed at http://www.bloomberg.com/energy/
You also get the heating oil and natural gas prices plus all the news.

Another good question: Does anyone think (as I do) that the price of oil will fall below $85/barrel by October '08?

Comments

  1. knor208: Look for the price of Oil to fall below $85.00 dollars before the end of the year if not by not Oct. 08. Our conclusions are that Oil may have hit a top at 147.22 and could be in for a dramatic fall. History shows that any run-up like the one for Oil is a "bubble" and cannot stustain itself. Prime examples are the tech bubble and the housing bubble. this commoditeis bubble is no different.

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