Post WTI rout, BSE modifies system for negative pricing of commodities
By IANS | Published: April 28, 2020 06:52 PM2020-04-28T18:52:13+5:302020-04-28T19:10:10+5:30
In the wake of the WTI crude futures falling below zero last week, the BSE has modified its trading system to allow commodity trading at negative prices.
Post WTI rout, BSE modifies system for negative pricing of commodities
per cent of global crude oil users and the Indian basket of crude oil represents a derived basket comprising of Sour grade (Oman & Dubai average) and Sweet grade (Brent Dated) of crude oil processed in Indian refineries in the ratio of 75.50:24.50.
( With inputs from IANS )
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