Dec 30, 2015
Crude oil is kind of like craft beer
The American price of crude oil has finally caught up to the rest of the world.
by Adriene Hill and Scott Tong
There are two main prices of crude oil in the world — Brent and WTI, short for West Texas Intermediate. WTI is the American price and for years it has been sold at a lower price than Brent, but now it has totally caught up.
Marketplace Sustainability Correspondent Scott Tong explains what this tells us about world oil markets.
Produced by Mukta Mohan