Pyth has launched an industry first: the Pyth 24/7 Oil Index. This is the first crude oil index to combine onchain and offchain data from exchanges, institutions, and trading firms to produce a true 24/7 price. The index unlocks a whole new category of market data. It is the first proprietary composite index designed to reflect where oil is actually trading globally across markets, venues, and time zones, built around Pyth’s holistic view of global liquidity that simply doesn’t exist anywhere else. Macro assets will increasingly trade across both traditional and decentralized venues. With direct connections to the world’s leading trading firms and deep integration across onchain markets, Pyth is positioned to define the next generation of proprietary indices powering the financial infrastructure of the internet.

Pyth Network
@PythNetwork
03-17
Introducing the Pyth 24/7 Oil Index: Continuous Oil Pricing for Global Markets The first continuous composite oil price designed for markets that trade 24/7. Until today, no such index existed anywhere in the world. Now it does 🛢️ 🧵
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