Futures Exchange: the New York Mercantile Exchange (NYMEX)
Contract unit: 1000 barrel (one standard hand)
Quotation method: USD/barrel
Due to the strength of American super crude oil buyers and the influence of New York Futures Exchange itself, crude oil futures trading based on WTI has become the leader in global commodity futures trading volume. 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.
Extended data:
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.
The following are the trading varieties of major oil exchanges in the world:
The New York Mercantile Exchange: Light oil, natural gas, unleaded gasoline, hot oil, Brent crude oil.
Singapore exchange: middle east crude oil
Tokyo Industrial Products Exchange: gasoline, kerosene, diesel oil and crude oil.
British International Petroleum Exchange: Brent crude oil and diesel oil.
Bohai Commodity Exchange: Crude Oil (BCO)
China Supply and Marketing Petrochemical Trading Center: Supply and Marketing Oil 100/ 1000.
China Supply and Marketing Renewable Resources Exchange: Dalian Petroleum (Heavy Oil)
China supply and marketing Tianjin Petrochemical: supply and marketing recycled plastics.
Baidu encyclopedia-crude oil futures