I don't know too much about oil but I think you are getting the price of oil and the price of oil futures confused.
Maybe someone else can comment.
Oil & Gas for dummies, page-7
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$1.54 |
Change
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| Open | High | Low | Value | Volume |
| $1.51 | $1.55 | $1.50 | $10.73M | 7.023M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 25391 | $1.53 |
Sellers (Offers)
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|---|---|---|
| $1.54 | 39714 | 3 |
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