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West Texas Intermediate (WTI) is a grade or mix of crude oil; the term is also used to refer to the spot price, the futures price, or assessed price for that oil. In colloquial usage, WTI usually refers to the WTI Crude Oil futures contract traded on the New York Mercantile Exchange (NYMEX).
The following is a list of futures contracts on physically traded commodities. Agricultural ... WTI Crude Oil: NYMEX, ICE: 1000 bbl (42,000 U.S. gal) CL (NYMEX), WTI ...
NYMEX held a virtual monopoly on "open market" oil futures trading (as opposed to the "dark market" or over-the-counter market. However, in the early 2000s the electronically based exchanges started taking away the business of the open outcry markets like NYMEX. Enron's online energy trading system was part of this trend.
On Thursday, West Texas Intermediate crude oil futures fell 4.9% to settle at $72.90 per barrel. Brent crude ... WTI crude oil is down more than 16% while the price of Brent crude is off more than ...
WTI crude oil futures briefly topped $85 per barrel on Tuesday while Brent crude , the international benchmark price, rose above $88 per barrel. The year-to-date rise in oil prices comes amid ...
The first futures contracts on crude oil were traded in 1983, with the Chicago Board of Trade (CBOT) and the New York Mercantile Exchange (Nymex) both attempting to take advantage of the government's de-regulation of crude oil. CBOT's initial contracts had delivery problems, so customers abandoned it for Nymex.
Six commodities: WTI crude oil, heating oil, aluminium, gold, corn and wheat. Constant weighting which reflect world production and inventory, providing a diverse and balanced commodity exposure. A rule-based and transparent calculation methodology. Energy contracts are rolled monthly, metal and grain contracts annually.
The maze of pipelines and tanks that had been built led to the NYMEX choosing Cushing as the official delivery point for its light sweet crude futures contract in 1983. In May 2023, Cushing was selected as the site for a $5.56 billion crude oil refinery for processing 250,000 barrels per day of light and sweet crudes into low-carbon ...