Crude oil futures, referred to as OilFut, are the most important oil futures. OilFut is the abbreviation of "OILFutures". There are four important crude oil futures contracts in the world: the New York Mercantile Exchange light and low sulfur 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.

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