Oil is priced by "paper" trading on NYMEX (WTI) and London...

Oil is priced by "paper" trading on NYMEX (WTI) and London Intercontinental (Brent) and by politics (OPEC basket). Vastly more barrels of oil are traded than delivered, and unlike gold, most physical oil does not trade exactly at the prevailing index prices. Why aren't there websites dedicated to "paper oil", when the price of oil is more important in the global economy than the price of precious metals?

Same can be said for all commodities where the exchanges trade more volume in closed out contracts than physical - which is pretty much all major metal, energy, and agriculture commodities.