crude oil pricing

Crude Oil Pricing: How Benchmarks and Futures Determine Oil Prices Every barrel of oil sold anywhere in the world carries a price. But that price does not come from a single source. Crude oil pricing is a layered process involving physical benchmarks, futures contracts, and a network of producers, refiners, and traders who collectively determine what a barrel is worth at any given moment. For investors, understanding how oil is priced is as important as knowing what moves p...