The price of WTI Crude Oil (Light Sweet) fell by 1.47% to $77.27 per barrel on the NYMEX Stock Exchange, while Brent Crude Oil saw a decrease of 1.36% to $81.32 per barrel on London’s ICE Stock Exchange. A barrel represents 159.98 liters of oil.
The NYMEX (New York Mercantile Exchange), established in 1882, is the primary futures market for oil trading in the United States. It operates through two divisions: the NYMEX Division, which handles trades in oil, gas, platinum, palladium, ethanol, coal, electricity, and carbon dioxide emissions, and the COMEX Division, specializing in gold, silver, copper, and aluminum.
The ICE (Intercontinental Exchange), headquartered in London and founded in 1982, is a prominent global exchange for options trading.
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