Crude Oil Future Prices.(2)

There are several dozen futures trading markets around the world.

They exist in different countries and are governed by that country's rules.

However, the international markets are all interconnected, so the rules for trading and setting crude oil futures prices are expected to be similar between countries.

The International Petroleum Exchange trades crude oil and other energy commodities.

The TOCOM or Tokyo Commodity Exchange is located in Japan.

There is the Sydney Futures Exchange in Australia and the Chicago Board of Trade in the U.S.

All these markets have rules in place to prevent exploitation of crude oil future pricing.



By BIG Mike