Offered by Dan Gramza, Head Of State of Gramza Capital Management, and also Pete Mulmat, Supervisor of Education And Learning at CME Group
Oil is probably the globe's essential commodity. Unrefined and its by-products are located virtually every element of contemporary life. Nonetheless, the sorts of oil differ, as do the different standards for crude oil costs around the globe. Several may not understand that oil drilled in Texas isn't typically the same item that comes from the North Atlantic. Dan Gramza and Pete Mulmat examine the relationship between 2 benchmark oil futures contracts: WTI (West Texas Intermediate) and also Brent. CME Team supplies fluid, deep markets in both items, making it possible for investors to manipulate cost activities in between them.