Strictly: Drilling and oil-field services Message Board

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Gold/Mining/Energy : Strictly: Drilling and oil-field services

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To: RGinPG who wrote (12720)	2/24/1998 6:19:00 PM
From: upanddown	Read Replies (1) of 95453

Ron, West Texas Intermediate used to be the benchmark American grade of crude. Sometime in the early 90's, it changed to New York light sweet. I don't know if WTI is traded on a commodity exchange. It doesn't appear to be on the NYMEX. I'am not sure whether quotes for WTI represent spot prices rather than the next-expiration price we get for light sweet now. There are probably some people in the ull bidness who can help us here. I hope you are right that prior bounces for light sweet took place just below 15 bucks. Regards, John

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