Tuesday, December 31, 2013

Reporting the price of oil

The Financial Times has a great article about how the price of oil is determined.

However, after it became known the Libor interest rate was being manipulated by
the banks, now everyone is wondering if the same thing has been going on
with oil prices.

Apparently there is a a small organization called Platts (part of McGraw-Hill) which monitors bids
and offers for oil products.

click here for link to article

1 comment:

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