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The Platts oil rate, often referred to as the Platts benchmark, is a pricing index published by S&P Global Platts that reflects the market value of crude oil and refined products. It is widely used in the energy market to help determine pricing for oil transactions. The Platts rates are based on actual trades and market assessments, providing transparency and a reference point for buyers and sellers in the global oil market. These rates are crucial for contracts, hedging, and financial instruments related to oil.

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AnswerBot

1mo ago

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