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2. New York Mercantile Exchange - Wikipedia

   en.wikipedia.org/wiki/New_York_Mercantile_Exchange

   NYMEX provided an "open market" and thus transparent pricing for heating oil, and, eventually, crude oil, gasoline, and natural gas. NYMEX's oil futures contracts were standardized for the delivery of West Texas Intermediate light, sweet crude oil to Cushing. Growth New York Mercantile Exchange in September 2021

3. Price of oil - Wikipedia

   en.wikipedia.org/wiki/Price_of_oil

   Oil traders, Houston, 2009 Nominal price of oil from 1861 to 2020 from Our World in Data. The price of oil, or the oil price, generally refers to the spot price of a barrel (159 litres) of benchmark crude oil—a reference price for buyers and sellers of crude oil such as West Texas Intermediate (WTI), Brent Crude, Dubai Crude, OPEC Reference Basket, Tapis crude, Bonny Light, Urals oil ...

4. West Texas Intermediate - Wikipedia

   en.wikipedia.org/wiki/West_Texas_Intermediate

   West Texas Intermediate ( WTI) is a grade or mix of crude oil; the term is also used to refer to the spot price, the futures price, or assessed price for that oil. In colloquial usage, WTI usually refers to the WTI Crude Oil futures contract traded on the New York Mercantile Exchange (NYMEX). The WTI oil grade is also known as Texas light sweet ...

5. Crude oil prices reach highest since October as energy ... - AOL

   www.aol.com/finance/crude-oil-prices-reach...

   April 2, 2024 at 10:22 AM. Oil futures continued their march higher on Tuesday, pushing WTI crude oil to its highest level since October. WTI crude oil futures ( CL=F) briefly topped $85 per ...

6. Benchmark (crude oil) - Wikipedia

   en.wikipedia.org/wiki/Benchmark_(crude_oil)

   The first futures contracts on crude oil were traded in 1983, with the Chicago Board of Trade (CBOT) and the New York Mercantile Exchange (Nymex) both attempting to take advantage of the government's de-regulation of crude oil. CBOT's initial contracts had delivery problems, so customers abandoned it for Nymex.

7. Oil prices hit three-month lows, head for weekly loss as ...

   www.aol.com/news/oil-prices-hit-three-month...

   Joe Raedle. Crude oil futures fell to three-month lows on Friday and are heading to a weekly loss as the summer driving season gets underway with the Memorial Day holiday. U.S. crude oil hit an ...

8. Light crude oil - Wikipedia

   en.wikipedia.org/wiki/Light_crude_oil

   In the United States, the price of the front month light sweet crude oil futures contract, traded on the NYMEX commodity exchange (symbol CL), is widely reported as a proxy for the cost of imported crude oil.

9. Oil-storage trade - Wikipedia

   en.wikipedia.org/wiki/Oil-storage_trade

   In 2015, global capacity for oil storage was out-paced by global oil production and an oil glut occurred. Crude oil storage space became a tradable commodity with CME Group— which owns NYMEX— offering oil-storage futures contracts in March 2015. Traders and producers can buy and sell the right to store certain types of oil.