EIA Says Last Plotted Brent Price Below $90, November NYMEX Futures Above $95
Author: Econbrowser·
Key Takeaways
- •The last plotted Brent price on August 25 was below $90.
- •November NYMEX futures were above $95 as of 7 p.m. CT.
- •The EIA update compares two major oil benchmarks used to gauge market conditions.
- •The report highlights that contract dates and timing can affect price comparisons between benchmarks.
From the EIA:
The last plotted Brent price, on August 25, was below $90. November NYMEX futures were above $95 as of 7 p.m. CT. The update highlights a brief snapshot from two closely watched oil benchmarks that are often used to gauge market conditions across physical crude pricing and U.S. futures trading, especially when comparing different contract dates and timing.
