There are three benchmark prices for crude oil trading in the international market, namely, the price of light and low-sulfur crude oil in the New York Mercantile Exchange, the price of Brent crude oil in the North Sea on the London International Petroleum Exchange and the price of Dubai crude oil in the United Arab Emirates.

The above three benchmark oil prices are divided into spot price and futures price, among which the futures price delivered in the next month is the most valuable because of the large trading volume.

1, the New York Mercantile Exchange light sweet crude oil futures price.

The New York Mercantile Exchange light sweet crude oil is of good quality, also known as "West Texas Intermediate Oil" or "Texas Light Sweet Oil". Its price is the benchmark price of North American crude oil and one of the benchmark prices of global crude oil pricing. Generally speaking, "new york market oil price" refers to the futures price of light crude oil for delivery in the New York Mercantile Exchange next month.

2. North Sea Brent crude oil futures price of London International Petroleum Exchange.

Brent crude oil in North Sea of London International Petroleum Exchange is also a kind of light oil, but its quality is lower than that of the New York Mercantile Exchange light sweet crude oil. Crude oil produced in Africa, the Middle East and Europe is usually supplied to western countries based on Brent crude oil futures price. Generally speaking, "London market oil price" refers to the Brent crude oil futures price of the North Sea for delivery on the London International Petroleum Exchange next month.

3. Dubai crude oil price

Dubai crude oil is a kind of light acidic crude oil, which is produced in Dubai, United Arab Emirates. General news reports rarely cover the oil price in Dubai.

But to do a good job of spot oil, it is the most critical to analyze the market. I have several suggestions for the market:

This investment is nothing but buying and selling. People who know nothing have a 50% chance of getting it right. Investment is not gambling. If you are gambling, you will definitely lose money in the end, so investing is a long-term financial management process. What we can do is to increase the probability of doing right as much as possible and maximize profits. Then it involves an accurate judgment and grasp of the market.

There are many index fluctuations in the market. Many people ask me what index is the most useful. In fact, every index is useful, inventable, widely circulated and very classic. So the key is what index suits you. Let me talk about my personal reading habits (personal accuracy rate is 70%-75%, do you believe it? :→782? 179∷745 confrontation).

First of all, talk about the main map indicators. My personal habit is to look at the Bollinger Band, which has three lines, the upper rail, the lower rail and the middle rail. Through three lines, an upward channel, a downward channel and a volatile market are formed. Secondly, I am used to watching macd, and I judge the kinetic energy of ups and downs through the dead fork of macd and the heavy volume attached to axis 0. Then there are some shapes to help analyze, such as head and shoulder bottom, head and shoulder top, M shape, W shape and so on. In addition, I personally suggest not to look at too many indicators, there will be contradictions. Hand-only, I hope it will help you and be adopted. thank you