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Crude Oil Discount 12/6? - Business - Nairaland

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Crude Oil Discount 12/6? by Nobody: 12:57pm On Jun 08, 2010
In crude oil trading, what does discount 12/6 mean?
Re: Crude Oil Discount 12/6? by Nobody: 6:08pm On Jun 08, 2010
should someone should answer my question please?
Re: Crude Oil Discount 12/6? by DrKitaun(m): 2:41am On Jun 09, 2010
Why should we answer ur question when u are not forthcoming at all ?
Re: Crude Oil Discount 12/6? by akpogbenz(m): 12:30pm On Jun 09, 2010
Dr kitaun you should have simply just answer his question.My broda 12/6 means $12 below brent international price for crude oil then less $6.which is net $6 given to buyer then the left over is been shared by facilators and agents.Hope i have shared light to your question.Thanks
Re: Crude Oil Discount 12/6? by DrKitaun(m): 7:28pm On Jun 09, 2010
u sef fail the question sef  grin

Mr Lecturer  shocked  grin

u don ever see any transaction in the ratio 12/6 ? u sure say no be something else u dey talk about ?

how much Presidency go take ?

how much the seller go take ?

how are u ever going to share 6 dollars ?

3 dollars to the buyer's side ; 3 to the seller's side ?

do u know how much that is . . .HSBC sef no go gree grin
Re: Crude Oil Discount 12/6? by Nobody: 10:24pm On Jun 09, 2010
Dr Kitaun:

u sef fail the question sef  grin

Mr Lecturer  shocked  grin

u don ever see any transaction in the ratio 12/6 ? u sure say no be something else u dey talk about ?

how much Presidency go take ?

how much the seller go take ?

how are u ever going to share 6 dollars ?

3 dollars to the buyer's side ; 3 to the seller's side ?

do u know how much that is . . .HSBC sef no go gree  grin

Omo, you dey fall my hands oo
Re: Crude Oil Discount 12/6? by Nobody: 10:37am On Jun 11, 2010
i will never rest till you folks answer my question.
Re: Crude Oil Discount 12/6? by plesky: 11:49am On Jun 11, 2010
Well, it depends on the transaction you're doing. 12/6 discount is not impossible-It means simply a discount of $12 where $6 goes to the buyer and the rest of the $6 goes to the buyer/seller agent.But i'm sure any good buyer out there will raise eye brow on that.

Are you okay?
Re: Crude Oil Discount 12/6? by DrKitaun(m): 5:49pm On Jun 12, 2010
plesky:

Well, it depends on the transaction you're doing. 12/6 discount is not impossible-It means simply a discount of $12 where $6 goes to the buyer and the rest of the $6 goes to the buyer/seller agent.But i'm sure any good buyer out there will raise eye brow on that.

Are you okay?



u dont have a clue dude. cool

do you even know what Crude Oil transaction entails ?
Re: Crude Oil Discount 12/6? by plesky: 10:19pm On Jun 12, 2010
i think you're rude Sir!
Re: Crude Oil Discount 12/6? by DrKitaun(m): 4:09am On Jun 13, 2010
^Thanks for your healthy observation sir.

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