A. Seymour

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                    [post_content] => The decision to undertake a study of the Brent CFD (Contract for Differences) market was made for two reasons. The first is that the Institute has done major research work on the various constituents of the Brent market complex in an almost continuous manner since 1984. This led to the publication of two books, The Market for North Sea Cmde Oil (1986)l and Oil Markets and Prices (1993),’ and a number of related working papers and monographs on other oil markets and trading instruments. When researching for the most recent of these two books, very little was known about the CFD market. As a result there were only some cursory references to CFDs in Oil Markets mid Prices.
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                    [post_content] => The principal feature of the "1990 oil price shock is that it is a crisis not only of crude oil supplies but also of oil products. The invasion of Kuwait and the subsequent
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1 per cent of total world product consumption, certainly less than the crude oil shortfall caused by the crisis and yet, in absolute terms, the price differential between crude oil
and many of the lighter products has increased. The product price shock indicates that there is a perceived inflexibility in the world refinery system regardless of whether lost
crude oil supplies can be replaced.
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