For the purposes of trading on futures exchanges in London or New York, however, reference oils are used. These are standardised products used to determine the prices for all other types.

Oil and natural gas stocks shot higher in the days after former President Donald Trump regained the White House. The Energy Select Sector SPDR Fund (ticker: XLE) gapped higher at the open during ...

New sources can exert a downward force on oil prices, even in times of heavy demand. Extraction costs are typically higher for new resources, meaning these oils are only competitive in lower-supply, ...