Welcome to European Tribune. It's gone a bit quiet around here these days, but it's still going.
Lots of over the counter energy trades are priced to Brent or WTI. That's what Chris used to holler about a couple of years back - oilcos and banksters could take smallish (well, relatively speaking anyway) losses "on exchange" and then cash in from the much higher volume of over the counter contracts linked to the exchange.

- Jake

Friends come and go. Enemies accumulate.

by JakeS (JangoSierra 'at' gmail 'dot' com) on Mon Feb 28th, 2011 at 05:41:56 PM EST
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