About the Main Futures Exchanges

The world's main futures exchanges are the NYMEX and the ICE exchanges. Should oil prices be kept in check? Here at Live Oil Prices, we are dedicated to producing useful information via news and live oil price information, which will help you track and keep up to date with the oil market and oil prices.

Most of the energy and metals futures contracts that trade are physically delivered contracts, although only a small percentage of the commodities traded are actually bought or sold through exchanges.

NYMEX - The New York Mercantile Exchange

The New York Mercantile Exchange Inc - NYMEX - is the world's largest physical commodity futures exchange and the preeminent trading forum for energy and precious metals. NYMEX provides markets for the trading and clearing of crude oil, gasoline, heating oil, natural gas, electricity, propane, coal, uranium, environmental commodities, softs, gold, silver, copper, aluminum, platinum, and palladium.

Transactions executed on the Exchange avoid the risk of counterparty default because the NYMEX clearinghouse acts as the counterparty to every trade.

Trading is conducted in energy, metals, softs, and environmental commodity futures and options via the CME Globex® electronic trading system, open outcry, and NYMEX ClearPort®.

ICE Global Exchange and OTC Market Operator

ICE - IntercontinentalExchange operates leading regulated exchanges, trading platforms and clearing houses serving the global markets. ICE Futures Europe trades half of the world's crude and refined oil futures.

The ICE Brent Crude futures contract is a deliverable contract based on EFP delivery with an option to cash settle, i.e the ICE Brent Index price for the day following the last trading day of the futures contract.

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