NYMEX (New York Mercantile Exchange)

The NYMEX (New York Mercantile Exchange) is a financial marketplace where traders buy and sell standardized contracts for commodities like oil, natural gas, and metals. These contracts specify the price and delivery date, enabling participants to hedge against price fluctuations or speculate on market movements. As a leading global exchange, NYMEX plays a key role in setting commodity prices and providing liquidity, helping producers, consumers, and investors manage risk and plan future transactions within a transparent and regulated environment.