Quote:
Originally Posted by rmay635703
What’s funny is no one bats an eye when the per barrel is over $100 but many of the “producers “ are still on contract for the prices from 3-6 months ago,
The oil casino is completely divorced and reactionary to current events while the suppliers are paid on contract fixed amounts over a period of time.
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Oil is priced at auction with a set delivery date. Yes, that is generally months in the future. Current Brent Oil prices are:
