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2. 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] The contract is for 1,000 US barrels, or 42,000 ...

3. 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.

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

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

   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 ...

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

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

   While shale oil output from the Permian basin in Texas and New Mexico, the largest U.S. oilfield, has surged 3.6% to average 6.1 million barrels per day (bpd) so far this year, much of that oil is ...

6. 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 ...

7. Benchmark (crude oil) - Wikipedia

   en.wikipedia.org/wiki/Benchmark_(crude_oil)

   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.

8. List of traded commodities - Wikipedia

   en.wikipedia.org/wiki/List_of_traded_commodities

   The following is a list of futures contracts on physically traded commodities. ... WTI Crude Oil: NYMEX, ICE: 1000 bbl (42,000 U.S. gal) ... Heating Oil: NYMEX: 1000 ...

9. Oil at $90 a barrel looks 'unsustainable,' says Citi analyst

   www.aol.com/finance/oil-90-barrel-looks...

   Brent crude futures have seen a similar rise of more than 30% over the same period, currently hovering above $94 per barrel. Citi's analysts see oil averaging $84 in the fourth quarter 2023 and ...