CRUDE OIL is unrefined liquid petroleum. It ranges in density from very light to very heavy and in color from yellow to black Crude oil is the mixture of petroleum liquids and gases that is pumped out of the ground by oil wells. It is the basis for gasoline, engine oil, diesel oil, kerosene and other petroleum-based products .Sour crude is high in sulfur content. Sweet crude is low in sulfur and therefore often more valuable.

Natural Gas : A gas used as a fuel, which is formed naturally in the earth when organic material decomposes under pressure. It can be compressed (CNG) or simply carried in a pipeline and is often already supplied to houses and offices. Natural gas is found naturally underground or
produced by gasification of coal. Natural gas is the cleanest burning fossil fuel. It is commonly found in oil-producing areas.

TRADING
It is the main facility for the people who bartend Goods and services from each other. Trading started with the beginning of communications in the prehistoric times.

The trade in the East Indies was dominated by the Portugal in the 16th century.
In Nether Land 17th century and in British 18th century.

COMMODITY MARKETS:
IN THESE MARKETS the Raw material is exchanged. All the Trading related to Precious
Metals like gold & silver, food stuff etc. comes under these markets.

COMMODITY TRADING
The prices of gas and oil in turn affect the prices of the crude oil.
Products like GASOLINE and CRUDE OIL comes under COMMODITY TRADING

Some of the major Commodity trading exchanges are:

1. LME: LONDON METAL EXCHANGE
2. NYMEX: NEW YORK MERCANTILE EXCHANGE
3. MCE: MULTI COMMODITY EXCHANGE.
4. COMEX: COMMODITY EXCHANGE

CRUDE OIL TRADING
FROM 1983, NYMEX, deals in the trading of CRUDE OIL
TRADING EXCHANGE: NYMEX
TRADING HOURS: 9:00 AM - 2.30 PM (EST)
TRADING UNIT: 1,000U.S BARRELLS
PRICE QUTOTION: CENTS AND DOLLARS
MINIMUM FLUCTUATION: 0.01$ PER BARRELL

*ALL THE INFORMATION ON THIS SITE IS OBTAINED FROM RESOURCES DEEMED RELAIBLE BUT IS NOT GUARANTEED AS TO BE ACCURATE AS MENTIONED ABOVE.