The first-hand bilateral handling fee of crude oil futures totals tens of yuan, which is almost negligible. There is only a handling fee for futures trading, and there is no overnight fee. Domestic formal futures fees are very cheap, and different varieties charge different fees, some according to a fixed amount, and some according to the proportion of the transaction amount.

Crude oil futures, referred to as oil futures, are the most important oil futures. OilFut is the abbreviation of "oil futures", and there are four important crude oil futures contracts in the world:

The New York Mercantile Exchange (NYMEX) light sweet crude oil, namely "West Texas Intermediate" futures contract;

High sulfur crude oil futures contract of Dubai Mercantile Exchange;

London International Petroleum Exchange (ICE) Brent crude oil futures contract;

Singapore Exchange (SGX) Dubai sour crude oil futures contract.

2065438+On March 26th, 2008, crude oil futures were officially listed and traded in Shanghai International Energy Trading Center of Shanghai Futures Exchange.

Oil futures are futures with forward oil prices as the subject matter, and they are a trading variety in futures trading.

Among oil futures contracts, oil futures is the most traded variety.

International crude oil physical transaction mainly adopts the pricing method of benchmark price+/-discount, and futures trading prices such as WTI, Brent and Dubai are often used as benchmark prices.

Take CME's WTI futures contract as an example, its specification is 1000 barrels per lot, the quotation unit is USD/barrel, and the minimum price fluctuation unit is 1 cent. The crude oil produced in the Western Hemisphere is mainly priced by WTI, including ANS (Alaska North Slope Crude Oil) in the United States, MAYA (Maya Crude Oil) in Mexico, ORIENTE (Orte Crude Oil) in Ecuador, SANTA BARBARA (Santa Barbara Crude Oil) in Venezuela and ESCALANTE (Klandt Crude Oil) in Argentina.

Brent is mainly linked to crude oil produced in Western Europe, the Mediterranean and West Africa, such as Urals in Russia, Salier in Libya and Bonny LT in Nigeria.

Dubai is mainly related to crude oil produced in the Middle East. The crude oil trade produced in the Far East is mainly linked to the benchmark oil in MINAS, CINTA, DURI and other regions.

In addition to crude oil futures, other oil futures include heating oil, fuel oil, gasoline and light diesel oil. NYMEX West Texas Intermediate crude oil futures contract specifications are 65,438+0,000 barrels per lot, and the quotation unit is USD/barrel. After its launch, this contract is the most successful commodity futures contract in history, and its transaction price has become the focus of international oil market.