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Updated and correct oil/commodity prices?

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BAP
Regular Contributor

‎03-11-2008 11:49 AM

Updated and correct oil/commodity prices?

Why does a Reuters report from Perth (which I found under SA business news) give a barrel price of 69$ at 07h30 this morning whilst under my commodity watch (updated hourly from Reuters) it shows 61$. Aus$ perhaps??
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1 REPLY 1
SimonPB
Valued Contributor

‎03-11-2008 11:58 AM

Re:Updated and correct oil/commodity prices?

one is crude, the other is brent. Different types of oil that have different costs to process, so different price. brent is the cheaper.
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