What is the international market oil price?

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For a long time, crude oil trading in the international market has formed three benchmark prices, namely the price of light and sweet crude oil on the New York Mercantile Exchange in the United States, the price of North Sea Brent crude oil on the London International Petroleum Exchange in the United Kingdom, and the price of crude oil in Dubai, the United Arab Emirates. 　　The above three benchmark oil prices are divided into spot prices and futures prices. Among them, the futures price for delivery roughly next month has the most reference value due to its large trading volume. 　　In addition, the OPEC market surveillance crude oil basket average price covering the main crude oil varieties of the 13 member countries of the Organization of the Petroleum Exporting Countries (OPEC) is also an important reference price for measuring oil prices in the international market. 　　Currently, oil prices in the international market are priced in US dollars, and the unit of measurement is generally "barrel". “"Barrel" is a unit of volume, and 1 barrel is approximately 159 liters. Since different types of crude oil have different proportions, the total weight per barrel is also different. Calculated based on the world’s average weight of Saudi Arabia’s 34-degree light crude oil, one ton is equivalent to approximately 7.33 barrels. 　　New York Mercantile Exchange light sweet crude oil futures prices: The light sweet crude oil on the New York Mercantile Exchange is of good quality and is also known as "West Texas Intermediate Oil" or "Texas Light Sweet Oil". Its price is the benchmark price of crude oil in North America and one of the benchmark prices for global crude oil pricing. Generally speaking, the "New York market oil price" refers to the light crude oil futures price for delivery in the next month on the New York Mercantile Exchange. 　　London International Petroleum Exchange North Sea Brent crude oil futures price: London's International Petroleum Exchange North Sea Brent crude oil is also a light oil, but of lower quality than Nymex's light sweet crude oil. Crude oil produced in Africa, the Middle East and Europe is moving west * * The Brent crude oil futures price is usually used as the benchmark price when supplying. Generally speaking, the "London market oil price" refers to the price of North Sea Brent crude oil futures on the London International Petroleum Exchange for delivery in the next month. 　　dubai crude oil price: Dubai crude oil is a light, sour crude oil produced in Dubai, United Arab Emirates. bay * * When the crude oil produced is exported to Asia, the Dubai crude oil price is usually used as the benchmark price. But in recent years, as Dubai's crude oil production has declined, its status as a benchmark oil price has also caused some controversy. 　　OPEC market surveillance crude oil basket average price: The average price of a basket of crude oil monitored by the OPEC market covers the main crude oil varieties of the organization's member countries, including both light oil and heavy oil. The overall quality is lower than the New York Mercantile Exchange's light sweet crude oil and the London International Petroleum Exchange's North Sea Brent crude oil. Its price is also referred to as "OPEC oil price".