It is reported that there are four important crude oil futures contracts in the world, one of which is the NYMEX York Mercantile Exchange's light and low-sulfur crude oil "West Texas Intermediate" futures contract.
Generally speaking, crude oil futures contracts have good liquidity and high price transparency, and are one of the three benchmark prices in the world crude oil market. When the public and the media usually talk about how many dollars the oil price has exceeded, it mainly refers to this price.
The rising oil price in new york will have a certain impact on the international oil price trend. At the same time, this is also related to whether the next round of oil price adjustment in China will rise, fall or run aground.