Light, Sweet Crude Oil Futures 1,000 U.S. barrels (42,000 gallons). U.S. dollars and cents per barrel. Open outcry trading is conducted from 10:00 AM until 2:30 PM.After hours futures trading is conducted via the NYMEX ACCESS internet-based trading platform beginning at 3:15 PM on Mondays through Thursdays and concluding at 9:30 AM the following day. [...]
Continue →Natural gas futures are traded on the New York Mercantile Exchange. This is the largest natural gas futures market in the world. Below are the contract specs for natural gas futures.
Trading Unit10,000 million British thermal units (mmBtu).Price QuotationU.S. dollars and cents per mmBtu.Trading Hours (All times are New York time)Open outcry trading is conducted [...]
Crude oil prices are determined by worldwide supply and demand. Events in crude oil markets that caused spikes in crude oil prices were a major factor in all but one of the five major run-ups in gasoline prices between 1992 and 1997, according to the National Petroleum Council study U.S. Petroleum Supply – Inventory Dynamics. [...]
Continue →Your Privacy
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Propane is a by-product of natural gas processing and oil refining. U.S. demand is approximately one-third that of heating oil. Propane is used in diverse markets: residential cooking, crop-drying in agriculture, space heating in homes and industry, and as a feedstock for the production of vital petrochemicals. Natural gas utilities often store propane for use [...]
Continue →Why do gasoline prices fluctuate?
Retail gasoline prices are mainly affected by crude oil prices and the level of gasoline supply relative to demand. Strong and increasing demand for gasoline and other petroleum products in the United States and the rest of the world is exerting intense pressure on available supplies. Even when crude oil prices [...]
