OIX

(redirected from Oil Index)
AcronymDefinition
OIXOpen Internet Exchange
OIXOil Index (Chicago Board of Exchange)
OIXOkinawa Internet Exchange (Japan)
OIXObsolete, Inactive and Excess (material disposition)
References in periodicals archive ?
Mining and Oil index was the sole gainer for the day after it rose 2.49 percent.
oil index WTI fell 1.1 percent at $56.48 a barrel after an impressive 4 percent jump in the previous session.
The broader All Shares fell 57.20 points to 4,763.91 points, the Financials index declined 31.18 to 1,783.33, the Holding Firms index slid 130.76 to 7,568.04 and the Mining and Oil index was down 165.47 to 8,030.31.
The mining and oil index was the sole counter that finished in the green, increasing by 0.85 percent, while the rest were all in the negative territory.
The FAO Vegetable Oil Index also rose, by 0.9 percent.
The FAO Vegetable Oil Index declined 2.6 percent from July, nearing a three-year low as palm, soy and sunflower oil quotations all fell amid favorable production trends and, in the case of palm oil, weak global import demand.
Based on CPC data, the average price of crude oil index 7D3B, which has accumulated to May 9 this week, was US$73.82, which is up US$2.33 from US$71.49 last week.
During Q1, NYMEX West Texas Intermediate Crude oil index price averaged $62.87 per barrel, and Oasis expects to realize between $61.15 and $61.25 per barrel of oil, without derivative settlements.
The FAO Vegetable Oil Index also rose 1.2 per cent during the month, led by higher soy oil prices, while palm oil values declined due to higher-than-expected stock levels in Malaysia.
An investor purchasing a Brent oil ETF is actually buying exposure to an oil index, such as the Bloomberg Brent Oil Index; the index will have certain rules over the rolling of the futures contracts as the futures exposure gets close to expiry and other exposure related issues.
"Who needs to get exposure to 3 times the daily price movements in an oil index anyway?" asks Johnson.