Summary and Final Tasks - Hidden

Key Learning Points: Lesson 6

1. Cash prices reflect physical commodity trading.
2. “Posted” prices or “Indexes” represent the market price.
3. Publications poll market participants and calculate “weighted” average prices.
4. Indexes are posted daily, weekly, monthly.
5. Three main price publications exist for natural gas.
6. One main price publication exists for crude oil & natural gas liquids.
7. Market price publications are subscription only.
8. www.eia.gov has extensive current and historical market pricing for natural gas, crude oil and natural gas liquids.

In this lesson, we addressed the physical cash marketplace that, for the most part, deals with the "here and now." In the next lesson, we will delve into the financial "futures" markets, where commodity prices can be obtained for future months and years. 

You have reached the end of Lesson 6. Double-check the list of requirements on the first page of this lesson to make sure you have completed all of the activities listed there before beginning the next lesson. (To access the next lesson, use the link in the "Course Outline" menu at left.