Light Crude Oil

Light crude oil is liquid petroleum that has a low density and flows freely at room temperature. It has a low viscosity, low specific gravity and high API gravity due to the presence of a high proportion of light hydrocarbon fractions. It generally has a low wax content. Light crude oil receives a higher price than heavy crude oil on commodity markets because it produces a higher percentage of gasoline and diesel fuel when converted into products by an oil refinery.

Read more about Light Crude OilVarying Standards, Examples of Light Crude Oils, U.S. Price

Other articles related to "light crude oil":

Light Crude Oil - U.S. Price - Trading
... Light crude oil is traded on the CME Globex, CME ClearPort, (CME Group) and Open Outcry (New York) futures exchange venues and is quoted in U.S ...

Famous quotes containing the words oil, light and/or crude:

    Mr. Chadband is a large yellow man, with a fat smile, and a general appearance of having a good deal of train oil in his system.
    Charles Dickens (1812–1870)

    Come hither, and I shall light a candle of understanding in thine heart, which shall not be put out.
    Apocrypha. 2 Esdras, 14:25.

    Of course you will pooh-pooh whatever’s fresh and new, and declare
    it’s crude and mean;
    Sir William Schwenck Gilbert (1836–1911)