Description: Oil prices are down more than 20 percent since mid-March. Yet that hasnâ€™t erased a strange anomaly in the market: the gap between two essentially identical types of oil. North American light, sweet crude, also known as West Texas Intermediate, trades just below $84 while its international equivalent, known as Brent, is priced at $97.
Date: Jun 15, 2012
Questions for Discussions:
- Why is there a price difference, according to the report?
- What is the trading opportunity here?
- How risky is this trading activity?