Oil prices moved higher on major global commodity exchanges at the close of trading on September 15.
On NYMEX (New York Mercantile Exchange) in New York, WTI (Light Sweet) crude rose 1.70% to $104.69 a barrel.
On London’s ICE (InterContinental Exchange Futures), Brent crude gained 0.84% to $107.94 a barrel.
The standard unit used in the oil market is the barrel. One barrel equals 158.98 liters.
NYMEX is a US futures exchange founded in 1882 and is one of the leading venues for oil futures trading. Trading is currently conducted in oil, gas, platinum, palladium, ethanol, coal, electricity and carbon dioxide emissions, while COMEX covers gold, silver, copper and aluminum.
London Intercontinental Exchange (ICE) is a London-based exchange for global financial futures and options that was founded in 1982.
