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Minute Markers
Minute markers are pricing references calculated over a defined one-minute window at specific times of day. They are used in oil trading as benchmark settlement mechanisms.
These markers reduce the impact of single trades and short-lived price spikes. By averaging activity over a minute, they provide more representative pricing.
Minute markers are commonly applied in swaps, TAS-style contracts, and physical pricing formulas. Timing precision is critical, as small differences can affect outcomes.
Their use supports transparency and fairness in benchmark-linked transactions.