Question: How does the market determine a physical reference price for commodities? It uses financial trades of futures contracts on the exchanges It directly relies on

How does the market determine a physical reference price for commodities? It uses financial trades of futures contracts on the exchanges It directly relies on the major oil companies, such as BP and Shell It relies on the amount of futures contracts speculators and hedgers purchase It relies on price reporting agencies, such as Argus and Platts

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