What is the current NYMEX price per barrel of crude oil?
Live interactive chart of West Texas Intermediate (WTI or NYMEX) crude oil prices per barrel. The current price of WTI crude oil as of June 30, 2022 is 109.78 per barrel.
What is NYMEX crude oil?
NYMEX crude is the exchange-traded contract for WTI on the NYMEX commodities exchange. There is both an active spot and futures market for NYMEX crude, which has helped to make it (along with Brent) one of the major crude oil benchmarks.
Is NYMEX crude oil WTI?
WTI is the underlying commodity of the New York Mercantile Exchange’s (NYMEX) oil futures contract and is considered a high-quality oil that is easily refined.
What’s the price of crude oil today?
| WTI Crude | 98.44 | -0.09% |
|---|---|---|
| Brent Crude | 100.6 | -0.10% |
| Murban Crude | 101.4 | -2.11% |
| Natural Gas | 5.551 | +0.74% |
| Gasoline •1 day | 3.229 | -0.24% |
What is difference between Brent crude and NYMEX crude?
As ICE Brent relative to NYMEX WTI has a more diverse mix of participants, this allows Brent to more accurately reflect global oil market fundamentals and makes Brent less subject to the extreme price swings caused by investor flows.
What is a NYMEX roll?
The Nymex roll is a commonly-used calculation to determine the physical price of crude at Cushing using a futures contract price. For example, for crude delivered to Cushing in February, the closest futures prices still trading are for March and April – the Nymex roll calculates the February value.
What is difference between Brent crude and Nymex crude?
Who are the top 3 oil consumers?
Top 10 Countries that Consume the Most Oil (2020 barrels per day):
- United States — 17,178,000.
- China — 14,225,000.
- India — 4,669,000.
- Saudi Arabia — 3,544,000.
- Japan — 3,268,000.
- Russia — 3,238,000.
- South Korea — 2,560,000.
- Brazil — 2,323,000.
What is the best time to trade oil?
A popular time to trade oil is between 20:00 (UTC+8) and 13.30 (UTC+8) – which is when the New York Mercantile Exchange (NYMEX) is open, and the market often sees high liquidity.
Why is US Crude cheaper than Brent?
WTI is lighter than Brent but with a higher concentration of Sulphur, meaning the US oil is easier to refine into gasoline. Prior to 2008, WTI was generally more expensive than Brent.
What is WTI Nymex?
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).
What is Nymex WTI CMA?
The Argus WTI differential (diff) to CMA is a market-oriented conversion factor often used in conjunction with the Nymex Calendar Month Average (CMA) to calculate the physical price of WTI at Cushing.
Does Oilmonster offer crude oil blends from NYMEX?
Register Free Today! OilMonster offers 9 Crude Oil blends from the NYMEX. We provide daily updated prices as well as historical charts and prices. This chart is available only for the paid users. Subscribe to OilMonster pricing services to view more historical charts.
What Crude Crude should you trade at NYMEX?
Trade the spread between these two crudes at NYMEX for increased efficiency. Trade the relationship between light sweet (WTI) and “sour” crude (DME Oman crude), used primarily in Asia. Released on Wednesdays, EIA reports track US crude inventories levels stored for future use.
How many Nymex WTI contracts are there?
Nearly 1.2 million contracts trade daily, with 2 million+ in open interest. WTI is the go-to measure of world’s oil prices due to the rise in US production, Asian usage and liftoff of US export ban. Trade with other NYMEX oil contracts for significant savings and precise exposure. NYMEX WTI is closely connected to the spot market, reducing costs.
What is the relationship between WTI and DME Oman Crude?
Trade the relationship between light sweet (WTI) and “sour” crude (DME Oman crude), used primarily in Asia. Released on Wednesdays, EIA reports track US crude inventories levels stored for future use. Released on Tuesdays, API reports track total US and regional inventories and refinery operations data.