NYMEX
Business & Finance abbreviation · Stock Market & Investing
| Stands for | New York Mercantile Exchange |
|---|---|
| Categories | Business & Finance |
NYMEX stands for New York Mercantile Exchange, a stock market & investing abbreviation.
Commodity futures exchange, now owned by CME Group, home to the benchmark West Texas Intermediate (WTI) crude oil futures contract and to natural gas, heating oil and gasoline futures. Its prices are widely quoted as US energy benchmarks.
Example: NYMEX crude settled at $78.40 a barrel after the OPEC+ meeting.
Usage notes
Founded in 1872 as the Butter and Cheese Exchange of New York. CME Group acquired NYMEX and its metals division, COMEX, in 2008. In April 2020 the expiring NYMEX WTI contract settled at a negative price, about minus $37 a barrel, for the first time in history.
Related abbreviations
More stock market & investing abbreviations
- MSCI – Morgan Stanley Capital International
- NASDAQ – National Association of Securities Dealers Automated Quotations
- NAV – Net asset value
- NBBO – National best bid and offer
- NDX – Nasdaq-100 Index (ticker symbol)
- NSE – National Stock Exchange of India
- NYSE – New York Stock Exchange
- OI – Open interest
- OTC – Over-the-counter
- OTM – Out of the money
- P/B – Price-to-book ratio
- P/E – Price-to-earnings ratio