Thursday, April 21, 2005
Russian Oil to Become an Exchange Commodity
21.04.2005 17:38 FC Info News - For the first time ever, Russian oil may become an exchange commodity. The New York Mercantile Exchange (NYMEX) intends to trade in futures for the Russian Urals oil. It will hold trading sessions in Budapest, not in the US or Moscow. Today Urals oil is not sold at stock exchanges since Russian oil is sold at a discount Brent price, with Brent serving as a marker oil grade.
# posted by Deval : 9:09 AM
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