WTI: Bulls brace for $91.30 at three-month high commodities oil
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.
Density is measured by API gravity, a measure developed to compare the density of petroleum with water but is now widely used to compare among crude oils. API degree is inversely related to the density of crude oil. In general, crudes of API between 40-45 degrees can be sold at greatest commercial values.
This type of crude oil is used as a benchmark in oil pricing and the underlying commodity of NYMEX's oil futures contracts. Due to its 'lightness' and 'sweetness', WTI crude is normally selling at about $1-$2/ barrel premium to Brent.Brent is actually a blend of crude oil from 15 different oil fields the North Sea. It has API gravity of 38.3 degrees and sulphur content of around 0.37%.
France Dernières Nouvelles, France Actualités
Similar News:Vous pouvez également lire des articles d'actualité similaires à celui-ci que nous avons collectés auprès d'autres sources d'information.
Oil News and Forecast - FXStreetCheck our updated for Oil News including real time updates, technical analysis and the economic latest events from the best source of Forex News.
Lire la suite »
USDCAD Forecast, News and Analysis - FXStreetCheck our updated for USDCAD News including real time updates, forecast, technical analysis and the economic latest events from the best source of Forex News.
Lire la suite »
GBPUSD Forecast, News and Analysis - FXStreetCheck our updated for GBPUSD News including real time updates, forecast, technical analysis and the economic latest events from the best source of Forex News.
Lire la suite »
US Dollar Index Forecast, News and Analysis - FXStreetCheck our updated News for US Dollar Index including real time updates, technical analysis forecast and the economic latest events from the best source of Forex trusted News.
Lire la suite »
Canadian Dollar Forecast: USD/CAD Chasing Oil, CAD Data Key for BoC HikeToday will see the first of two major data points that could cement a January rate hike from the Bank of Canada. Get your market update from JMcQueenFX here:
Lire la suite »
Waves from eruption in Tonga cause an oil spill in Peru | AP NewsLIMA, Peru (AP) — Unusually high waves attributed to the eruption of an undersea volcano in Tonga caused an oil spill on the Peruvian coast, but authorities said Monday the spill was controlled within hours and there's an ongoing process to clean the area.
Lire la suite »