Crude oil is the mixture of petroleum liquids and gases (including impurities such as sulphur) that is pumped out of the ground by oil wells.

Trading unit:
Crude Oil Futures trade in units of 1,000 U.S. barrels (42,000 gallons). Options: One NYMEX Division light, sweet crude oil futures contract

Price Quotation
Crude Oil Futures are quoted in dollars and cents per barrel.

Published on 16 Jul 2008 | General

Tags :crude oil futures, crude oil trading, dollars and cents, futures contract, light sweet crude oil, light sweet crude oil futures, liquids and gases, nymex, oil wells

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