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| | Does OPEC Set Crude Oil Prices? |
 | | In today's complex global markets, the price of crude oil is set by movements on the three major international petroleum exchanges, all of which have their own Web sites featuring information about oil prices. |
 | | They are the New York Mercantile Exchange (NYMEX, http://www.nymex.com), the International Petroleum Exchange in London (IPE, http://www.ipe.uk.com) and the Singapore International Monetary Exchange (SIMEX, http://www.simex.com.sg). |
 | | The Web sites of the Paris-based International Energy Agency (IEA, http://www.iea.org) and the US Energy Information Administration (EIA, http://www.eia.doe.gov), also have extensive historical information on oil prices. |
| www.opec.org /library/FAQs/aboutOPEC/q20.htm (190 words) |
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