Sentence examples for benchmark grade from inspiring English sources
Prices for the benchmark grade of oil, West Texas Intermediate crude, rose $4.51 to close at $100.01 on the New York Mercantile Exchange.
The price of the benchmark grade of American crude oil closed at $100.99 on the New York Mercantile Exchange, up from $100.96 on Friday.
The price of light crude oil, the benchmark grade in the United States, tumbled nearly 4percentto to $30.34 a barrel and is now nearly 20percentt below the peak of $37.80 a barrel reached last week.
On the New York Mercantile Exchange, the price of the benchmark grade fell $1.98 a barrel or 2.3 percent to $86.67, the lowest closing price since July 12. "It's a classic weak man's poker hand," Cliff Kupchan, a Washington-based analyst at the Eurasia Group, a consulting firm, said of the Iranian minister's remarks.
Around 100 benchmark grades are traded around the world, though a couple garner the most attention.
The basket -- the average price of seven different benchmark grades of crude oil -- "dropped from $27 to $20," he said.
Even with a fresh Saudi warning today that oil prices are too high, traders bid up the price of the benchmark grades of crude to the highest since OPEC's last meeting in March.
Administrators in Boston, Detroit, Houston, Los Angeles and New Orleans all order struggling students in benchmark grades to attend summer classes, though they cannot make them show up (Detroit expected 36,000 in its program and ended up with 25,000).
Fifteen states now have the annual tests in grades 3 through 8 required by the federal plan; others test only a few benchmark grades so they can develop more substantive, complex exams and not overwhelm teachers and students with test preparation; only two, Iowa and Nebraska, leave testing to local districts.
The price of hot-rolled coil, a benchmark steel grade, will rise to 29,000 rupees a ton, a spokesman, Sanjay Choudhry, said.
He said that international commodity exchanges could help by listing prices for Russia's benchmark oil grade, known as Urals (after the Russian mountain range), and the United States could help by leasing international oil storage facilities to Russian oil companies.
