Get in-depth information about Crude Oil Futures including Price, Charts, Technical Analysis and Historical data.
Technical Analysis Crude Oil Futures
How are International Crude Oil Prices Determined?There are a number of different types of crude oil, with different pricing characteristics. The two leading international crude oil prices are:
NYMEX WTI Crude Oil – determined according to a benchmark in oil futures contracts as traded on CME’s New York Mercantile Exchange.
Brent Oil – determined according to an international benchmark used primarily in Europe, and traded on the Intercontinental Exchange (ICE).
Another important oil pricing benchmark is the OPEC Basket which includes an aggregate for oil produced and exported by the countries of the Organization of Petroleum Exporting Countries, with Saudi Arabia being its chief member.