WTI Crude
Coverage of WTI Crude in the Nexus archive.
- Dominican Republic pushes for tax increases to offset surge in oil prices
The Dominican Republic plans to increase or implement new taxes to generate $800 million annually, targeting companies earning over $17 million, airline tickets, casinos, gambling, and electronic cigarettes. Tax exemptions will apply to micro-enterprises and individuals earning less than $680 monthly, while fuel subsidies totaling $350 million have already been allocated this year to mitigate rising oil prices linked to the Iran war.
- OKX, ICE partner on oil perps as NYSE-parent pressures US regulators to rein in Hyperliquid
OKX has partnered with Intercontinental Exchange (ICE) to launch oil perpetual futures contracts based on ICE's Brent Crude and WTI Crude benchmarks. The partnership comes as ICE, the parent company of the NYSE, is pressuring US regulators to restrict the operations of Hyperliquid, a competing derivatives platform.
- NYSE owner ICE to launch oil-linked futures with OKX
ICE, the owner of the New York Stock Exchange, is partnering with cryptocurrency exchange OKX to launch oil-linked perpetual futures contracts based on Brent and WTI crude oil benchmarks. This initiative brings cryptocurrency derivatives into traditional energy markets while operating under licensing restrictions. The collaboration represents a significant convergence between traditional finance and crypto markets.