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Strategies & Market Trends : Mish's Global Economic Trend Analysis -- Ignore unavailable to you. Want to Upgrade?

To: ild who wrote (27272)	4/11/2005 12:25:43 PM
From: CalculatedRisk	Read Replies (1) \| Respond to of 116555

ild, I commented on that in my post. I use WTI as the headline number (since that is what everyone hears), but I pointed out that when I talk about $60 oil, I'm talking about the average price. angrybear.blogspot.com "NOTE: These prices for oil are the average contract price paid for various grades of oil. This average is usually $5 to $10 below the spot price of WTI." The reason the average price appears even lower on your graph is that it trails WTI price changes. If WTI would stay steady for 6 months, the average price would be about $5 to $10 below the WTI price. Best Regards!