Definition
Posted Price
An announced or advertised price indicating what a firm will pay for a commodity or the price at which the firm will sell it.
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Posted Price
An announced or advertised price indicating what a firm will pay for a commodity or the price at which the firm will sell it.
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A crude oil producer agrees to sell 30,000 barrels a month for each of six months at the posted prices prevailing at delivery. When he agrees to the deal, posted prices are $20.
The Organization of the Petroleum Exporting Countries (OPEC) was formed in 1960[2] to try and counter the oil companies cartel, which had been controlling posted prices since the so-called 1927 Red Line Agreement and 1928 Achnacarry Agreement, ...
 See also: Sell, Contract, Futures contract, Future, Futures
  
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