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Oil extended gains as markets priced the supply impact of recently announced sanctions against Russia's energy market. Oil prices jump to 5-month high over increasing worries of supply crunch ...
Oil prices edged higher, despite an increase of 3.2 million barrels from the previous week. At 451.4 million barrels, U.S. crude oil inventories are about 2% below the five-year average for this ...
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In the wake of the 1970s oil crisis, speculative trading in crude oil and crude oil futures in the commodity markets emerged. [53] [54] NYMEX launched crude oil futures contracts in 1983, and the IPE launched theirs in June 1988. [56] Global crude oil prices began to be published through NYMEX and IPE crude oil futures market. [56]
The price Monday for regular unleaded: $3.67. That’s 6 cents more a gallon than this time last month and 11 cents more than a year ago. Michigan gas prices surge ahead of Fourth of July holiday ...
Trading includes various types of derivatives contracts based on these commodities, such as forwards, futures and options, as well as spot trades (for immediate delivery). A futures contract provides that an agreed quantity and quality of the commodity will be delivered at some agreed future date.