Wednesday, July 28, 2010

What is the current price of oil per barrel?

What's a good free site to quickly find this info?What is the current price of oil per barrel?
Here is a good link to bookmark http://futures.tradingcharts.com/marketq鈥?/a> this page has the info u r looking for. This website also offers information on gasoline prices on the left under ';Oil/Energy';.





If you don't know how futures work then you should know that when someone asks ';whats oil at?'; or they tell you what oil is at they are talking about ';NYMEX Crude Oil'; (there is also ';Access Crude Oil';) the current price of oil is considered to be the settle(sett) price of the oil closest to delivery. In this case it is Feb 06 Oil (oil futures contracts currently go all the way through Dec 2012)and the sett price is 66.83 (I am useing data from jan 19) so tomorrow on jan 20 you can see at the left bottom corner of the front page of section C in the wall street journal Oil will be 66.83. Because they assume NYMEX Crude Oil of Feb 06 delivery. This assumption is similar to the ';Market'; assumption. When someone says ';Hows the market doing?'; they mean the stock market and more specifically they mean the Dow Jones Industrial Average.(even though the S%26amp;P500 or better yet the Wilshire 5000 are better indicators of how the stock market in general is doing)What is the current price of oil per barrel?
Click on the java chart on the right. Wait for the window to come up. Click File and then Open Chart. Look for oil on the pull-down menu.





http://www.forex-markets.com/charts.htm
depending on Grade avg 63.00 per bbl

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