Friday, December 18, 2009

How is the international oil price per barrel calculated?

With ever increasing oil prices, i wonder if it is worth buying a petrol car?How is the international oil price per barrel calculated?
At international commodities markets where people bid on it the same way they do with stocks. So basically supply and demand. Which is the lopsidedness you hear about. Demand grows every year but supply can no longer keep up with it.

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