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A new opportunity for trading oil. Edition No. 1
VDM Publishing House, Aug 2009, Pages: 64
What is the real price of oil? Does any such price even exist? Especially due to the tremendous increase in June 2008 to around $150 a barrel and the following decline during the recession of 2008-2009 a lot of discussion has arisen on the oil price. Part of this was due to the relative fall of the American Dollar. Experts discussed that the Dollar might eventually fall further in relation to the Euro and other currencies and therefore an alternative global currency is a necessity. Little has so far been written about alternatives for current oil benchmarks, such as West Texas Intermediate and Brent Crude Oil. This book discusses possible solutions to both of these matters by providing a new oil index which will be based in Euros. This index will be based on plural types of oil with different qualities and from different geographical regions. The analysis that has been performed demonstrates what the characteristics of such an index should be and why the new oil index provides added value to any investment portfolio.
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