Light crude oil has low density and flows freely at room temperature. Contains high proportion of light hydrocarbon fractions. Produces higher percentage of gasoline and diesel fuel
Crude oil is a naturally occurring hydrocarbon mixture found underground. It can range from viscous liquid to thick tar-like substance. Color varies from light yellow to dark brown or black
WTI is world's most liquid crude oil contract with over 1 million daily trades. Contract offers 60/40 US tax treatment on capital gains. Provides 80% margin offsets with other NYMEX oil contracts. Offers physical settlement through NYMEX platform
Crude oil is a liquid petroleum found in Earth's crust. Contains 82-87% carbon and 12-15% hydrogen by weight. Main hydrocarbon types are paraffins, naphthenes, and aromatic compounds. Ranges from colorless to black in appearance
There are approximately 250 different crude oil types worldwide. Brent Blend and WTI are the most frequently mentioned crude oils. Brent serves as the global benchmark for pricing other crude oils
Crude oil is classified as light or heavy based on viscosity and sulfur content. Over 280 different crude oil types exist worldwide. Sweet oil has lower sulfur content, sour oil has higher concentration