International crude oil benchmark
2, the London International Petroleum Exchange Beihai Brent crude oil futures price of the London International Petroleum Exchange, Beihai Brent crude oil is also a kind of light oil, but the quality is lower than the New York mercantile exchange light sweet crude oil. Africa, the Middle East and Europe in the production of crude oil in the supply of western countries usually use Brent crude oil futures prices as the benchmark price. Commonly referred to as the "London market oil price" refers to the next month of delivery of the London International Petroleum Exchange, Beihai Brent crude oil futures prices.
1, the New York Mercantile Exchange, light sweet crude oil futures prices, the New York Mercantile Exchange, light sweet crude oil quality is good, also known as the "WTI" or "Texas light sweet oil, its price is the benchmark price of crude oil in North America, is one of the benchmark price of global oil pricing. Commonly referred to as "New York market oil price" refers to the New York Mercantile Exchange roughly next month delivery of light crude oil futures prices.
International oil prices: international crude oil trading market has formed 3 kinds of benchmark prices, the New York Mercantile Exchange, light sweet crude oil prices, London International Petroleum Exchange Beihai Brent crude oil prices and the UAE Dubai crude oil prices. The above 3 kinds of benchmark oil prices are divided into spot price and futures price, which is the most valuable reference value for the next month.
International crude oil market pricing is based on the world's major oil producing areas of standard oil as the benchmark. For example, in New York, the intermediate base crude oil futures in the United States xidekesasi produced "(WTI)" as the base oil, all production in the United States or to the United States in the valuation of crude oil, with light sweet WTI as the base oil.
