Crude oil is probably the most well known commodity from the vitality sector and is the world’s most actively traded commodity. Light, candy crude oil is most well-liked by refiners due to its low sulfur content and relatively excessive yields of high worth merchandise reminiscent of gasoline, heating oil, and jet gas.
Crude oil is probably the most well-known commodity from the energy sector and is the world’s most actively Refinery traded commodity. Gentle, sweet crude oil is preferred by refiners because of its low sulfur content and relatively excessive yields of excessive worth products resembling gasoline, heating oil, and jet gas. Producers of candy crude oil include the United States, Saudi Arabia, Canada, Nigeria, and Romania. The NYMEX (New York Mercantile Change) Division light, candy crude oil futures contract is the world’s most liquid forum for crude oil trading.
Trading hours are 9:00 am – 2:30 pm ET for open outcry and 6:00 pm to 5:15 pm for digital trading.
Futures – F, G, H, J, Okay, M, N, Q, U, V, X, Z
Options – F, G, H, J, K, M, N, Q, U, V, X, Z
1,000 US barrels and is quoted in US dollars and cents per barrel.
Minimum Price Fluctuation
$0.01 per barrel or $10.00 per contract
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Article Tags: Sweet Crude