Financial Times FT.com

Source launches oil price tracker

By Sophia Grene

Published: November 8 2009 08:06 | Last updated: November 8 2009 08:06

Source, the investment bank owned platform for exchange-traded products, has launched a product tracking the price of oil.

Tracking the spot price of oil is difficult because investors cannot buy the underlying physical commodity. Traditionally they use the futures market, which leads to problems as futures contracts mature and have to be exchanged for later dated contracts.

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