Crude Oil, commonly known as petroleum, is a naturally occurring fossil fuel liquid composed of hydrocarbon underground deposits and organic materials. The prices of this popular commodity are measured in USD. Saudi Arabia, Russia, United States, Iran and China are the countries producing more oil. On the other hand, United States, China, Japan, Russia, and Germany are the countries consuming more oil.
Sulphur content determines the quality of a crude oil. This corrosive material decreases the purity of a crude oil. Therefore, a crude oil with high sulphur content (sour crude) should sell cheaper than one with low sulphur content (sweet crude). There are two main benchmarks for pricing Crude Oil: WTI (West Texas Intermediate) from USA and Brent from UK.
Crude Oil tests multi-week high before receding on supply buildup, WTI back below $77.00
By Joshua Gibson | 18:34 GMT
USD/CAD Price Analysis: Corrects gradually below 1.3550
By Sagar Dua | 13:06 GMT
WTI seems to extend its gains after recovering intraday losses, hovers around $77.50
By Akhtar Faruqui | 05:20 GMT
Sulphur content determines the quality of a crude oil. This corrosive material decreases the purity of a crude oil. Therefore, a crude oil with high sulphur content (sour crude) should sell cheaper than one with low sulphur content (sweet crude). There are two main benchmarks for pricing Crude Oil: WTI (West Texas Intermediate) from USA and Brent from UK.
Crude Oil tests multi-week high before receding on supply buildup, WTI back below $77.00
By Joshua Gibson | 18:34 GMT
USD/CAD Price Analysis: Corrects gradually below 1.3550
By Sagar Dua | 13:06 GMT
WTI seems to extend its gains after recovering intraday losses, hovers around $77.50
By Akhtar Faruqui | 05:20 GMT
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