Oil Price Follow

Trading Crude Oil price futures contracts is really just like trading any other type of financial instrument. The price is set up by supply and demand, and can trade from 1 penny to infinity – whatever someone is willing to pay for it. There are buy-sell limits and buy-sell stops. The only difference is there is a time limit on when these Crude price futures will trade. This is called the futures market, where you can trade an assortment of crude months – 72 to be exact. The contract trades in units of 1,000 barrels, and expires on the 3rd business day prior to the 25th calendar day of the month preceding the delivery month. The contract provides for delivery of several grades of domestic and internationally traded crudes and serves the diverse needs of the physical market.Crude Oil Prices Charts. Latest update News on Oil, Energy and Petroleum Prices. Get Oil Price Futures information and learn more about how the NYMEX crude trade works!