American light sweet crude oil contract, the New York Mercantile Exchange (NYMEX):
Transaction unit:
Futures: 1000 barrels (42,000 gallons)
Option: the New York Mercantile Exchange crude oil contract.
Trading time:
Futures and options: 9: 45 am to 3: 00 pm10, which is the time for open price competition.
Over-the-counter transactions are conducted through the electronic trading system of NYMEXACCESSM. Trading starts at 4 pm from Monday to Thursday and ends at 8 am the next day. Electronic trading starts at 7 pm on Sunday. The above time is new york time, the time difference between the United States and Beijing 12 hours, Beijing 10:00, and new york at 22:00.