Plus500

FavoriteLoadingAdd to favorites Calendar Reports Commentary News CFD Chart Commodities Live ChartsTrade USOIL Now

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)

Crude Oil Chart
Oil Price Live
Oil Trading Charts
*** CRUDE OIL
NYMEX
Trade Forex, Commodities, Stocks and more, trade CFDs on the Plus 500 CFD trading platform! Register a real money account here and get trading right away.

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.

STOCKTRKR or anybody connected with STOCKTRKR will not accept any liability for loss or damage arising from use of any information/commentary/charts or articles which is provided 'as is' for educational purposes only, nothing contained on this website should be considered as investment advice - please seek proper investment advice if you wish to trade on global markets and ensure you are familiar with the risks.

 Comment on this article

Top Viewed This Week


Social Counters
/ Free WordPress Plugins and WordPress Themes by Silicon Themes. Join us right now!

Send this to friend