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Crude Oil – Trading Unit and Price Quotation

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.

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