On October 15th, international crude oil futures fell sharply. The settlement price of the main contract for WTI crude oil futures in the United States was $70.58 per barrel, a decrease of $3.25 or 4.4%. The settlement price of the main Brent crude oil futures contract was $74.25 per barrel, a decrease of $3.21 or 4.1%.
On October 16th, the WTI crude oil benchmark price of SunSirs was $73.83 per barrel, an increase of 8.30% compared to the beginning of this month ($68.17 per barrel).
On October 16th, the benchmark price of Brent crude oil from SunSirs was $77.46 per barrel, an increase of 8.03% compared to the beginning of this month ($71.70 per barrel).
Application of SunSirs Benchmark Pricing
Traders can price spot and contract transactions based on the pricing principle of agreed markup and pricing formula (Transaction price=SunSirs price + Markup).
If you have any enquiries or purchasing needs, please feel free to contact SunSirs with support@sunsirs.com.