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2. New York Mercantile Exchange - Wikipedia

   en.wikipedia.org/wiki/New_York_Mercantile_Exchange

   NYMEX held a virtual monopoly on "open market" oil futures trading (as opposed to the "dark market" or over-the-counter market. However, in the early 2000s the electronically based exchanges started taking away the business of the open outcry markets like NYMEX. Enron's online energy trading system was part of this trend.

3. West Texas Intermediate - Wikipedia

   en.wikipedia.org/wiki/West_Texas_Intermediate

   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). The WTI oil grade is also known as Texas light sweet.

4. 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.

5. Price of oil - Wikipedia

   en.wikipedia.org/wiki/Price_of_oil

   In 1983, the New York Mercantile Exchange (NYMEX) launched crude oil futures contracts, and the London-based International Petroleum Exchange (IPE)—acquired by Intercontinental Exchange (ICE) in 2005— launched theirs in June 1988. [56] The price of oil reached a peak of c. US$65 during the 1990 Persian Gulf crisis and war.

6. Light crude oil - Wikipedia

   en.wikipedia.org/wiki/Light_crude_oil

   The clear cut definition of light and heavy crude varies because the classification is based more on practical grounds than theoretical. The New York Mercantile Exchange (NYMEX) defines light crude oil for domestic U.S. oil as having an API gravity between 37° API (840 kg/m 3) and 42° API (816 kg/m 3), while it defines light crude oil for non-U.S. oil as being between 32° API (865 kg/m 3 ...

7. 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. Agricultural ... WTI Crude Oil: NYMEX, ICE: 1000 bbl (42,000 U.S. gal) CL (NYMEX), WTI ...