Oil prices have fallen

25.10.2024 09:49 | Category Economics

As a result of the October 24 trading sessions of the world's largest crude oil 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 1.93% and amounted to $70.30. The price of Brent oil on London's IСE (InterContinental Exchange Futures) exchange decreased by 1.69% and amounted to 74.53 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 is the number one oil futures exchange.

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 established in 1982.

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