Replies to post #338007 on ERHC Energy Inc (ERHE)

[Tamtam]

Brent was severely down but was stil minus 18% a minute ago!

[ssc]

Amazing. The fact is wti and brent contracts are both deliverable. They are just different classifications of oil, wti is lighter than brent. Brent usually refers to oil from Europe and Africa while wti is U.S. By definition futures contracts revolve around the delivery of the underlying commodity.