As a result of the January 31 trading sessions of the world’s largest commodity exchanges, the following oil prices were set:
The price of WTI (Light Sweet) oil on the New York NYMEX (New York Merchantile Exchange) decreased by 1.47% and amounted to 76.35 dollars. London IСE (InterContinental Exchange Futures) exchange, Brent oil price decreased by 1.77% and made 81.05 dollars.
The unit of measurement for oil is the barrel. One barrel is 158.98 liters.
The New York Mercantile Exchange (NYMEX) is an American futures exchange founded in 1882 and ranks first in oil futures trading. Currently, trading continues on two exchange units: NYMEX tracks for oil, gas, platinum, palladium, ethanol, coal, electricity and carbon dioxide emissions, and COMEX tracks for gold, silver, copper, aluminum.
The London Intercontinental Exchange (ICE) is a London-based global financial futures and options exchange founded in 1982.
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