Posted Price Law and Legal Definition
Posted price refers to an announced or advertised price indicating what a firm will pay for a commodity or the price at which the firm will sell it.
In crude oil pricing, posted price means a written statement of crude oil prices circulated publicly among sellers and buyers of crude oil in a particular field in accordance with historic practices and generally known by sellers and buyers within the field. [North Cent. Airlines, Inc. v. Continental Oil Co., 574 F.2d 582, 588 (D.C. Cir. 1978)].
