Oil Price Chart
Definition - What does Oil Price Chart mean?
Oil Price Chart is a periodic chart that indicates the spot and term market prices of all the various varieties of crude oil, natural gas and refined petroleum products. The oil prices are linked to the market indexes and they fluctuate on a daily basis. There are many organizations that provide oil price information to the customers; however, two of the largest and globally trusted organizations in this space are S&P Global Platts and Argus Media.
Petropedia explains Oil Price Chart
Oil price charts should indicate the evolving and diverse nature of the markets and provide information such as exchange prices, indexes and forward curves every day. The information is readily available on the oil price charts published by organizations such as S&P Global Platts and Argus Media that become the basis of trading the commodities between two or multiple parties.
The information provided in an oil price chart of S&P Global Platts is as follows:
- Term and Spot Price Assessments
- Racks and Spot to Rack
- Yields and Netbacks
- Refined Products
- Feedstocks and Blendstocks
- Propane & LPG
- Bunker, Clean & Dirty Tanker Rates
- eWindow named Bids, Offers and Trades
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