What Are Oil Futures And How Do They Work(2)

Futures can also refer to the markets on which oil futures and other commodity futures are sold.

It is estimated that there are more than seventy five worldwide futures trading markets.

Some of these oil future trading markets include the


a)Chicago Board of Trade (CBOT),

b) the International Petroleum Exchange (ICE),

c)the London Commodity Exchange,

d)Tokyo Commodity Exchange or TOCOM, and

e)the New York Mercantile Exchange or NYMEX.


Oil future trading can be found on all these markets.


By BIG Mike