New York Mercantile Exchange

The New York Mercantile Exchange (NYMEX) is a marketplace where buyers and sellers trade commodities such as oil, natural gas, metals, and other energy products. It provides a structured environment for futures contracts—agreements to buy or sell these commodities at predetermined prices on future dates—helping producers and consumers manage price risks. Established in 1887 and based in New York City, NYMEX is a key part of the global commodities trading system, ensuring transparent pricing and liquidity for important energy and metal markets.