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The price of oil is the most important value on the international commodity markets. Crude oil is the most important commodity and emerging industrial markets such as China, India and Latin ...

Two accounting terms this article will look at are transfer price and standard cost. While an item's standard cost can be used to determine its transfer price, the two values are inherently different.

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The real-time price of Brent crude oil is at $72.11 per barrel, and the price of WTI crude oil is at $68.32 per barrel. Oil prices are customarily quoted in dollars (USD) around the world, not only in ...