Energy traders still confident in Platts

05/17/2013 | Bloomberg

The Platts pricing system is still the best way to determine oil prices, according to the majority of traders surveyed in a Bloomberg poll. "Blaming Platts is akin to shooting the messenger," said Stephen Schork of Schork Group. "Given the quantity of oil being traded in hundreds of different markets around the globe, the price assessments are a fast, reliable method to broadcast information to the general market in a timely fashion."

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