Hot! Crude Oil Prices

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Current Crude Oil Price by way of Oil-Price.net

References that will the price of petroleum tend to be references to the position price of sometimes WTI/Light Crude as traded within the New York Mercantile Exchange (NYMEX) intended for delivery in Cushing, Oklahoma as well as the price tag on Brent as traded within the Intercontinental Exchange (ICE) regarding offering with Sullom Voe.

West Texas Intermediate (WTI), generally known as Texas Light Sweet, can be a type involving elementary essential oil utilized for a benchmark inside crude petrol price ranges and the actual commodity regarding New York Mercantile Exchange's oil futures contracts. This essential oil variety is sometimes referenced in North American media stories in relation to oil prices, alongside North Sea Brent Crude.

Brent Crude is one of several important classifications of oil consisting of Brent Crude, Brent Sweet Light Crude, Oseberg in addition to Forties. Brent Crude can be noted on the North Sea. The Brent Crude oil marker can also be called Brent Blend, London Brent and Brent petroleum.