Oil prices saw mixed movements on June 12 across major exchanges. At the NYMEX (New York Mercantile Exchange), WTI Crude Oil (Light Sweet) edged down by 0.13% to settle at $78.26 per barrel. Meanwhile, at London’s ICE (Intercontinental Exchange), Brent Crude Oil registered a slight increase of 0.06%, reaching $82.34 per barrel, as reported by “Armenpress”.
A barrel, the standard unit for measuring oil volume, equals approximately 159.98 liters.
Established in 1882, NYMEX is the primary US futures market for oil trading, distinguished into two main divisions: NYMEX Division, specializing in oil, gas, platinum, palladium, ethanol, coal, electricity, and carbon dioxide emissions, and COMEX Division, focused on gold, silver, copper, and aluminum trades.
Founded in 1982, London’s ICE (Intercontinental Exchange) is a prominent options exchange overseeing global exchanges operations.
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