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Contribution Details
| Type | Bachelor's Thesis |
| Scope | Discipline-based scholarship |
| Title | An examination of futures and future spot prices of WTI and Brent Crude Oil and price determinants of these crude oil benchmarks compared to each other. |
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| Institution | University of Zurich |
| Faculty | Faculty of Economics, Business Administration and Information Technology |
| Number of Pages | 34 |
| Date | 2012 |
| Abstract Text | This thesis examines the WTI and Brent crude oil market. Between 2005 and 2011, WTI and Brent crude oil prices were most of the time in contango. The spread between them was a reaction of the market to a higher supply of WTI and high transportation costs. Due to a pipeline that links markets in the Houston area with oil storage facilities near Cushing, the spread began to narrow. WTI and Brent crude oil prices can be expected to be similar in the future with a discount on WTI because of the high transportation costs in the U.S. |
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