Gold winner oil wholesale price

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General information about the price of oil
Oil types such as the European Brent and the American WTI (West Texas Intermediate) have different prices, which are mainly determined by the sulfur content and the energy density of the crude oil. The prices are determined on the international oil exchanges in New York, London, Rotterdam, Chicago, Shanghai and Singapore. However, a large proportion of the trade takes place directly between suppliers and buyers.

The tendency of the oil price development
The current oil prices are caused by supply and demand. The heating oil price and prices for petrol and diesel reflect the tendency of the oil price development. In addition to production volumes and financial market factors, political crises, wars and natural disasters have a significant impact on oil prices. In 2008 these had reached their previous highs.

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