Also known as "postings".
The posted prices of the major companies are aggregated to form postings, an average price that serves as a benchmark for a commodity. For example, the Western Canadian oil market has no formal exchange. The various grades of oil trade at differentials to the benchmark of West Texas Intermediate (WTI) oil. The major companies, such as Shell or Encana, post prices for each grade of oil as a differential to the WTI. These posted prices serve as the benchmarks for crude oil in Western Canada.
Investment dictionary. Academic. 2012.
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