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Live Oil Price Chart. NYMEX Oil Futures Prices Quote. Light crude oil is crude oil with a low wax content. The clear cut definition of ‘light’ and ‘heavy’ crude is hard to find, simply because the classification so made is based more on practical grounds than theoretical. Since crudes with high viscosities are more difficult to transport/pump, those with apparently lighter wax content are referred to as ‘light crude’ and the ones with substantially more wax are classified as ‘heavy crude’. Commodities. NYMEX

A wide variety of benchmark crude oils worldwide are considered to be light. The most prominent in North America is West Texas Intermediate which has an API gravity of 39.6° API (827 kg/m3). It is often referred to by publications when quoting oil prices. The most commonly referenced benchmark oil from Europe is Brent Crude, which is 38.06° API (835 kg/m3). The third most commonly quoted benchmark is Dubai Crude, which is 31° API (871 kg/m3). This is considered light by Arabian standards but would not be considered light if produced in the U.S.

The largest oil field in the world, Saudi Arabia’s Ghawar field, produces light crude oils ranging from 33° API (860 kg/m3) to 40° API (825 kg/m3)

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Disclaimer: Please note all prices are for information only, they should not be relied upon for accuracy or trading. All prices quotes are based on CFD prices and are similar though not always identical to real exchange prices.

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Commodities – STOCKTRKR Commentary

Daily analysis of Gold for January 17, 2016

Tue, 17 Jan 2017 14:52:01 +0000

Overview The gold price shows slight positive trading gradually approaching our first awaited target at 1,211.31 and keeps moving inside the bullish channel shown on the chart. The EMA50 protects trading inside this channel, providing positive chances of breaching the mentioned level followed by opening the way to 1,249.94. Therefore, we still expect the bullish […]

Daily analysis of Silver for January 17, 2017

Tue, 17 Jan 2017 14:50:26 +0000

Overview The silver price continues to move within a tight range around 16.80. Stochastic has been getting rid of its negativity gradually approaching the oversold areas. This forms a positive factor that we are waiting to make the price resume the bullish trend in the upcoming period, which next main target is located at 17.43. […]

Analysis of gold for January 17, 2017

Tue, 17 Jan 2017 14:39:05 +0000

Recently, gold has been trading sideways at the price of $1,218.80, heading upwards. On the 15M time frame, I found a bearish engulfing pattern and price action resistance. There is also a broken upward trendline, which is a sign that buyers lost power. Intraday trend is still upward but I see potential downward corection. Downward […]

commodities Trading Ideas

Crude Oil to 60 (Positional View)

Tue, 17 Jan 2017 07:02:03 -0600

Crude Oil to 60


Tue, 17 Jan 2017 03:38:06 -0600

If it breaks out the breakup level T/P1 will be 55.10

Long Oil For Intrday. Good Risk Reward

Tue, 17 Jan 2017 02:08:12 -0600

Long Oil For Intrday. Good Risk Reward


Mon, 16 Jan 2017 23:54:33 -0600


Crude Oil

Mon, 16 Jan 2017 23:52:25 -0600

Trend Pricing


Mon, 16 Jan 2017 22:42:57 -0600

Hi guys, oil has seems to have reached its downwards trend-line. I believe its a safe low risk trade as you should leave the trade on the first solid candle break of the trend line and if it comes our way please refer to the HEIKIN ASHI chart to exit the trade.Thanks and good luck.

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