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Opec crude is priced about $5 below WTI because it is a basket of oil grades. Meanwhile the garbage crude produced by Iran and Venez. is about $10 below.
Dec 02 08:39 am
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All Comments by NOWHEREMAN »OPEC and Production Cuts: Why Now's the Time to Buy [View article]
When the target of $75 is bandied around, are the Marginal suppliers getting $65 or does the $75 refer to Iran/Venez. and is WTI really $85?
Can you clarify?