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oil market 2 (Price Reporting Agency PRA (platt window (public offers &…
oil market 2
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pricing system
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ref benchmarks: Brent (EU), WTI (USA), Dubai
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physical liquidity
the - liquidity, the + squeezes possible : £ & time spread become+ volatile, + distorsion
maintenance needed: price of ref bench need to be maintained: always need a lot of oil in a benchmark
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