LoginMy Member Benefitsarchivesresearchyour teamabout usFAQLog out
×
Share
Access Your Profit Alerts

Crude Oil Prices

Crude Oil Prices and the NYMEX Crude Oil Price

Smart investing is all about finding a good deal and earning money on your investment. To be a sound investor, it's important to do a lot of research before spending your money and to fully understand the details of the potential opportunity.  

Part of the research process is learning and understanding many different terms and what they mean. The NYMEX and NYMEX crude oil price is one of those terms you should know.  

What Is The NYMEX Crude Oil Price? 

Before we jump into information on the crude oil price, let's take a moment to review what NYMEX is.  

NYMEX stands for New York Mercantile Exchange and is a commodity futures exchange. NYMEX is owned by CME Group of Chicago. The commodities traded on NYMEX include energy and metals.  

Until 2016, NYMEX maintained a physical trading floor, where brokers shouted trades and made complicated hand gestures in order to communicate with others. Today, all trades are done electronically.  

Now, let's dive into the NYMEX crude oil price. Traditionally, oil prices have been controlled through government agreements such as OPEC and large oil companies.  

When NYMEX launched the oil futures contracts, pricing became more transparent and open to the public. 

NYMEX Crude Oil Futures 

It's important to understand that the NYMEX crude oil price refers to commodity futures, which are very different than buying stock. 

Buying commodity futures means that you're buying barrels of crude oil that will be delivered in the future. This future delivery date can be up to nine years in the future.  

So, what's the benefit? 

The benefit is that you can agree to a contract and price today, lock-in that cost, and then deliver the physical product later, when the cost might be higher. When the seller gives the crude oil to the buyer, the ownership title transfers with the physical product. 

Crude oil futures allow sellers to sell for a good price and buyers to secure plenty of product for the future, so they know they won't have a future shortage of the product. 

Should I Invest In Crude Oil? 

The NYMEX crude oil price is all you need to know and understand to decide whether or not it's the right time to invest in crude oil futures.  

Read our other articles analyzing the current NYMEX crude oil price to help you to decide if today is the right time to invest or not. 

If you're interested in the NYMEX crude oil price and investing in oil in general, you'd likely be interested in learning more about oil prices. There are many different ways to invest in oil.  

You can invest in NYMEX crude oil or even buy stocks in successful oil companies that are publicly traded. Oil prices can fluctuate over time, but investing in oil can also be very lucrative at times.  

Article Index

My Oil Price Forecast Shows Why Crude Supplies and Imports Are Rising

By , Global Energy Strategist, Oil & Energy Investor • @KentMoors_OEI -

oil price forecast

U.S. crude inventories are sitting at record highs of around 2.05 billion barrels right now.

That's not a surprise. After all, there's a lingering global crude glut.

But what's surprising - at first glance - are U.S. crude imports. They're up by close to 1 million barrels per day. The country took in 8.64 million barrels per day in the week ending March 25, compared to just 7.69 million over the same period a year ago. 

Therein lies what appears to be a paradox: Why on Earth would we import more oil when we may be forced to fill swimming pools with it soon?

The answer is very simple, and it becomes clear when you see my oil price targets...

The Biggest Oil Supply Mystery in Decades – 289 Million Barrels Vanished

By , Associate Editor, Money Morning • @AlexMcGuire92 -

oil supply

Excess oil supply has been the global energy market's biggest nightmare for nearly two years now.

But a recent report shows a 289 million barrel discrepancy in last year's oil supply data.

And it demonstrates how this imperfect process of measuring supply is manipulating crude oil prices...

And it demonstrates how this imperfect process of measuring supply is manipulating crude oil prices...

Here's What Has London's Wealthiest Oil Kingpins So Fired Up

By , Global Energy Strategist, Oil & Energy Investor • @KentMoors_OEI -

oil prices

The City of London is hands-down the most important energy financing command center on Earth. More money for oil and gas projects is raised within a three-mile radius of Liverpool Street station than anywhere else in the world.

Naturally, this part of town is packed to the rafters with some of energy's most influential and important "money men" and women.

When I was at the Palace of Westminster for a closed-door energy briefing at the House of Lords, these financiers were absolutely electrified by one recent development.

It won't be long before these players are going to make a lot of money on this, and we'll have our chance, too...

A Single Country Now Controls the Future of Oil Prices

By , Global Energy Strategist, Oil & Energy Investor • @KentMoors_OEI -

oil prices

After a hefty rise of 46.9% for the month through close last Friday, WTI crude fell for two consecutive sessions to start the week.

As always, pundits with no real experience in the industry will blame the "glut" - but excess supply on its own is not responsible for today's oil conundrum.

Instead, the key factor in how people regard the market and anticipate oil prices today is guaranteed excess supply.

And the actions of a single country will now decide whether that guarantee will remain...

What the World's Leading Energy Sector Insiders Fear Most

By , Global Energy Strategist, Oil & Energy Investor • @KentMoors_OEI -

Best Oil ETF to buy in 2018

There's a lot of conversation about the energy sector's accelerating debt crisis. The bottom line is simply this.

Regardless of where the crude oil price moves from here, there is little likelihood that any rise in the level will be large (or happen soon) enough to save most companies mired in a vicious cycle of ever more debt.

But don't worry, because you'll be prepared. These five charts will help you put the situation into perspective and even prepare for the fallout...

    Today's Markets
    DJIA -396.85 (-1.51%) 25,890.18
    NASDAQ -89.76 (0.86%) 10,343.89
    S&P -34.40 (-1.08%) 3,145.32