Question About Oil and Natural Gas

Discussion in 'Commodity Futures' started by KrispyKreme50, Jul 18, 2008.

  1. You often hear "oil closed up $1 today to end at $130" from financial news sources. When they say oil, what type of crude are they referring to? Could someone also point out the same for natural gas? Thanks for any help.
  2. Surdo


  3. They are refering to the nearby futures contract trading on the NYMEX.