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  2. Petrocurrency - Wikipedia

    en.wikipedia.org/wiki/Petrocurrency

    Petrocurrency (or petrodollar) is a word used with three distinct meanings, often confused: . Dollars paid to oil-producing nations (petrodollar recycling)—a term invented in the 1970s meaning trading surpluses of oil-producing nations.

  3. List of crude oil products - Wikipedia

    en.wikipedia.org/wiki/List_of_crude_oil_products

    U.S. Energy Information Administration: World Crude Oil Prices Archived 2008-11-10 at the Wayback Machine; BP Crude Grades; Intertek: Crude Oil Grades and Types; MeGlobalOil: Carriage of Heavy Grade Oil; Statoil.com: Crude oil assays; EnergyIntel.com: The Crude Oils and their Key Characteristics; Capline system crude oil properties and quality ...

  4. List of commodities exchanges - Wikipedia

    en.wikipedia.org/wiki/List_of_commodities_exchanges

    Most commodity markets around the world trade in agricultural products and other raw materials (like wheat, barley, sugar, maize, cotton, cocoa, coffee, milk products, pork bellies, oil, and metals). Trading includes various types of derivatives contracts based on these commodities, such as forwards, futures and options, as well as spot trades ...

  5. Commodity market - Wikipedia

    en.wikipedia.org/wiki/Commodity_market

    For many years, West Texas Intermediate (WTI) crude oil, a light, sweet crude oil, was the world's most-traded commodity. WTI is a grade used as a benchmark in oil pricing. It is the underlying commodity of Chicago Mercantile Exchange's oil futures contracts. WTI is often referenced in news reports on oil prices, alongside Brent Crude. WTI is ...

  6. Brent Crude - Wikipedia

    en.wikipedia.org/wiki/Brent_Crude

    Oil platform in the North Sea. Brent Crude may refer to any or all of the components of the Brent Complex, a physically and financially traded oil market based around the North Sea of Northwest Europe; colloquially, Brent Crude usually refers to the price of the ICE (Intercontinental Exchange) Brent Crude Oil futures contract or the contract itself.

  7. New York Mercantile Exchange - Wikipedia

    en.wikipedia.org/wiki/New_York_Mercantile_Exchange

    The launching of the WTI crude oil contract was championed by Treat, who, with difficulty, convinced the board and the two Marks family members, veteran and highly respected floor trader Francis Marks and his son, Michael, who had just become chairman of the board, to take a chance on trading crude oil.

  8. Intercontinental Exchange Futures - Wikipedia

    en.wikipedia.org/wiki/Intercontinental_Exchange...

    The International Exchange, now ICE Futures (since 2005-04-7), based in London, was one of the world's largest energy futures and options exchanges.Its flagship commodity, Brent Crude was a world benchmark for oil prices, but the exchange also handled futures contracts and options on fuel oil, natural gas, electricity (baseload and peakload), coal contracts and, as of 22 April 2005, carbon ...

  9. Oil industry in Cushing, Oklahoma - Wikipedia

    en.wikipedia.org/wiki/Oil_industry_in_Cushing...

    Cushing is the delivery point for West Texas Intermediate, a blend of US light sweet crude oil streams [1] traded on the New York Mercantile Exchange [19]. Cushing's strategic position as a major hub in oil supply led to WTI's development as a significant physical market price reference or benchmark for over three decades.