(Bloomberg) -- U.S. benchmark crude West Texas
Intermediate is not suitable as a global marker because it's
only representative of inland supplies in the U.S. mid-
continent, Ian Taylor, president of Vitol Group said.
``It's an extremely bad marker,'' Taylor said in Kuala
Lumpur during the Asia Oil and Gas conference. Refiners and
traders ``shouldn't use WTI as a benchmark.''
Read more at Bloomberg Energy News
Intermediate is not suitable as a global marker because it's
only representative of inland supplies in the U.S. mid-
continent, Ian Taylor, president of Vitol Group said.
``It's an extremely bad marker,'' Taylor said in Kuala
Lumpur during the Asia Oil and Gas conference. Refiners and
traders ``shouldn't use WTI as a benchmark.''
Read more at Bloomberg Energy News
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