About Crude Oil
It is widely known and trading classification as light crude oil which serves as a core criterion and yardstick to fix the purchase price of oil globally. Unlike WTI crude oil, it has a very low amount of specific gravity though it can never be as light as WTI, Brent Crude Oil has biggest prominent oil refinery in Saudi Arabia
It has an API gravity ranging from 37 – 42 degrees that helps the dealers to fix the price. It is traded in several exchanges like CME Globex, NYMEX, and Open Outcry (New York) futures exchange venues.
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Crude Oil Live Rates