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Description: Oil prices are down more than 20 percent since mid-March. Yet that hasn’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?

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