What are the benchmark prices of international crude oil prices?
London's International Petroleum Exchange, Brent crude oil futures prices in Beihai, Beihai 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. 3, Dubai crude oil prices Dubai crude oil is a light acidic crude oil, produced in Dubai. Dubai oil prices in general news reports less involved.
1, the New York Mercantile Exchange, light sweet crude oil futures prices on 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 world's crude oil pricing benchmark price. 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
For a long time, the 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
