March 26, 2018, in Shanghai, the Shanghai futures exchange, the international energy trade center officially listed.
So what are crude oil futures, and how should they be played?
Today, let’s have a detailed introduction to crude oil futures.
Oil Futures, known as OilFut, is the most important Oil Futures. OilFut is short for “Oil Futures”. There are four important crude Oil Futures contracts in the world: the New York Mercantile Exchange (NYMEX) light or “West Texas Intermediate” Futures contract;
Sweet crude oil futures contract;
(IPE);
Dubai Acid crude futures contract on the Singapore Exchange (SGX).
Oil futures is futures with the forward as the object, is a trading variety in futures trading.
A standardized contract on crude oil formulated by a futures exchange.
NYMEX introduced the light sweet crude oil futures contract in 1983.
IPE launched a futures contract for one of the three international benchmark crude oils on 23 June 1988.
The Singapore Exchange (SGX) officially launched the Dubai oil Futures contract for the Middle East on 2 November 2002.
In the early 1970s, it had a huge impact on the world oil market. The sharp fluctuation of stone lattice directly led to the emergence of oil futures.
Since the birth of oil futures, its trading volume has been showing a rapid growth trend, has exceeded the metal futures, is an important part of the international futures market.
Among oil futures contracts, crude oil futures (OilFut) is the most traded variety.
There are three of the world’s most traded and widely affected crude oil futures contracts:
The New York Mercantile Exchange’s (NYMEX) WTI (West Texas Intermediate) futures contract, the London Exchange’s (IPE) BRENT (BRENT North Sea) futures contract, and the Singapore International Financial Exchange’s (Singapore) DUBAI (DUBAI crude) futures contract.
Other refined oil futures are distillate oil, gas oil, heating oil, fuel oil, light diesel oil and so on.