James Stafford of Oil Price.com has a great new resource, Oil Price Charts. He writes,
we have just finished an 18-month project to bring all of the different oil prices in the world (that have never been available to the public) out into the public domain and for free.
You used to have to pay a $50,000 annual fee for this pricing data, and I thought that was ridiculous, so we have created this page with the goal of bringing a bit more transparency to markets: http://oilprice.com/oil-price-charts
Most people don’t realize just how many oil prices there are in the world. You may be shocked to find out that on the 11th of October there was a 67.18% price differential between two oil blends.
So while oil prices ranged from $35.50 to $59.35, the monopoly that data companies hold over the industry meant that the price of oil was simply reported as $50.79 – the price of WTI.
I invite you to visit Oil Price Charts often, and read the Oil Price.com website’s many articles. As he explains, the significance of this data in everything from geopolitics to finance is undeniable.
Related: U.S. Output Hits All-Time High
Lovely Ms. Fausta,
Please check the link for oilprice.com? There is a space somewhere in the link.
Also, that site is a great resource for information junkies.
Links corrected. Thanks!
Old Timer says
Thanks for the website. I bookmarked it.
Years ago when I visited Caracas I visited the Hilton. They had a big open air patio/lobby. They had a TV. In the top right screen it showed the WTI price. I think the Venezuelans suffer from the WTI Syndrome. They feel rich when it goes up. They consider the price of WTI as the measure of the country’s wealth not everyone having a job creating goods and services.