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2. Analysis-US Gulf Coast oil prices to take center stage as ...

   www.aol.com/news/analysis-us-gulf-coast-oil...

   Rising U.S. crude oil exports are boosting the prominence of Gulf Coast price benchmarks and buoying trading volumes on Houston contracts, eroding the significance of the Cushing, Oklahoma ...

3. Oil falls nearly 5% as demand worries, inventory builds send ...

   www.aol.com/finance/oil-falls-5-demand-worries...

   On Thursday, West Texas Intermediate crude oil futures fell 4.9% to settle at $72.90 per barrel. Brent ( BZ=F ) crude oil, the international benchmark price, fell by 4.63% to close at $77.42 per ...

4. Oil sags on soft Chinese spending, investor pause before US ...

   www.aol.com/oil-eases-highest-weeks-investors...

   Oil futures slipped from the highest levels in several weeks on Monday on weakness in consumer spending in China, the world's largest oil importer, and as investors paused buying ahead of the U.S ...

5. New York Mercantile Exchange - Wikipedia

   en.wikipedia.org/wiki/New_York_Mercantile_Exchange

   NYMEX provided an "open market" and thus transparent pricing for heating oil, and, eventually, crude oil, gasoline, and natural gas. NYMEX's oil futures contracts were standardized for the delivery of West Texas Intermediate light, sweet crude oil to Cushing. [10]

6. West Texas Intermediate - Wikipedia

   en.wikipedia.org/wiki/West_Texas_Intermediate

   The volatility of crude oil prices after the US oil price decontrol led to the development of the NYMEX WTI Light Sweet Crude Oil futures contract in 1983. [2] The NYMEX Crude Oil contract trades under the symbol CL on the New York Mercantile Exchange, now part of Chicago Mercantile Exchange. [2]

7. Crack spread - Wikipedia

   en.wikipedia.org/wiki/Crack_spread

   The crack spread contract helps refiners to lock-in a crude oil price and heating oil and unleaded gasoline prices simultaneously in order to establish a fixed refining margin. One type of crack spread contract bundles the purchase of three crude oil futures (30,000 barrels) with the sale a month later of two unleaded gasoline futures (20,000 ...

8. Crude oil prices reach highest since October as energy ... - AOL

   www.aol.com/finance/crude-oil-prices-reach...

   US crude futures have gained 20% this year and pushed ... "We continue to expect Brent crude oil prices to remain well supported at the top-end of our $70-$90/bbl [per barrel] range for the ...

9. Oil-storage trade - Wikipedia

   en.wikipedia.org/wiki/Oil-storage_trade

   In 2015, global capacity for oil storage was out-paced by global oil production and an oil glut occurred. Crude oil storage space became a tradable commodity with CME Group— which owns NYMEX— offering oil-storage futures contracts in March 2015. [3] Traders and producers can buy and sell the right to store certain types of oil. [3]