Nymex activity keeps growing

Journal Article · Mon Jan 23 04:00:00 EST 1989 · Oil Gas J.; (United States)

OSTI ID:6322224

McFadden, R T

The New York Mercantile Exchange (Nymex) continues to strengthen its role in the world's oil markets. Contract trading volume grew significantly in 1988, participation expanded, and more and more trades of crude and products around the world were linked to the Exchange. Last November 14, Nymex marked the 10th anniversary of its heating oil futures contract. Widely considered the starting point for all energy futures trading worldwide, the contract launch coincided with the deregulation of heating oil in the U.S. Today, Nymex is widely recognized as an integral component of the energy industry. It is a risk management tool and serves as a reference price for crude oil and refined products.

• Research Organization: New York Mercantile Exchange, NY (US)
• OSTI ID: 6322224
• Journal Information: Oil Gas J.; (United States), Journal Name: Oil Gas J.; (United States) Vol. 87:4; ISSN OIGJA
• Country of Publication: United States
• Language: English

Related Subjects

02 PETROLEUM
020700 -- Petroleum-- Economics
Industrial
& Business Aspects
29 ENERGY PLANNING, POLICY, AND ECONOMY
294002* -- Energy Planning & Policy-- Petroleum
CONTRACTS
DEREGULATION
ENERGY POLICY
FORECASTING
FUEL OILS
FUELS
GLOBAL ASPECTS
GOVERNMENT POLICIES
HEATING OILS
INDUSTRY
LIQUID FUELS
MARKET
NORTH AMERICA
OILS
ORGANIC COMPOUNDS
OTHER ORGANIC COMPOUNDS
PETROLEUM INDUSTRY
PETROLEUM PRODUCTS
TRADE
USA