The New Crude Oil Benchmark That Could Change the Oil Market’s Price Dynamics by Sheena Martin , Contributing Editor Tuesday, November 24, 2009 Earlier this month, the world’s largest oil producer set the table for a move away from traditional light, sweet crude oil. Saudi Aramco, the state-owned company of Saudi Arabia has decided to drop West Texas Intermediate ( NYMEX: WTI ) as the basis for pricing its oil sold to the U.S. market

November 24th, 2009
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