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2. Light crude oil - Wikipedia

   en.wikipedia.org/wiki/Light_crude_oil

   Light crude oil is traded on the CME Globex, CME ClearPort, and Open Outcry (New York) futures exchange venues and is quoted in U.S. dollars and cents per barrel. Its product symbol is "CL" and its contract size is 1,000 barrels (160 m 3) with a minimum fluctuation of $0.01 per barrel. See also. Benchmark (crude oil) Brent Crude

3. West Texas Intermediate - Wikipedia

   en.wikipedia.org/wiki/West_Texas_Intermediate

   West Texas Intermediate ( WTI) is a grade or mix of crude oil; the term is also used to refer to the spot price, the futures price, or assessed price for that oil. In colloquial usage, WTI usually refers to the WTI Crude Oil futures contract traded on the New York Mercantile Exchange (NYMEX). The WTI oil grade is also known as Texas light sweet ...

4. Sweet crude oil - Wikipedia

   en.wikipedia.org/wiki/Sweet_crude_oil

   Sweet crude oil contains small amounts of hydrogen sulfide and carbon dioxide. High-quality, low-sulfur crude oil is commonly used for processing into gasoline and is in high demand, particularly in industrialized nations. Light sweet crude oil is the most sought-after version of crude oil as it contains a disproportionately large fraction that ...

5. Oil steadies on surprise inventory drop, but futures still ...

   www.aol.com/finance/oil-steadies-surprise...

   May 8, 2024 at 11:54 AM. Oil reversed earlier declines Wednesday after new data showed US inventories fell last week, but futures are still down roughly 8% from their April peak. On Wednesday West ...

6. Best Oil ETFs for 2023 - AOL

   www.aol.com/best-oil-etfs-2023-225524245.html

   The United States 12 Month Oil Fund LP closely tracks the spot price of light, sweet crude using an average of the 12 nearest-month NYMEX WTI crude oil futures contracts. Spreading the contracts ...

7. Benchmark (crude oil) - Wikipedia

   en.wikipedia.org/wiki/Benchmark_(crude_oil)

   A benchmark crude or marker crude is a crude oil that serves as a reference price for buyers and sellers of crude oil. There are three primary benchmarks, West Texas Intermediate (WTI), Brent Blend, and Dubai Crude. Other well-known blends include the OPEC Reference Basket used by OPEC, Tapis Crude which is traded in Singapore, Western Canadian ...