Stay Oil Value Chart, Value Forecast & Analysis
Crude Oil is a naturally occurring liquid fossil fuel ensuing from plants and animals buried underground and exposed to excessive heat and stress. Crude oil is some of the demanded commodities and prices have significantly increased in current instances. Two major benchmarks for pricing crude oil are the United States’ WTI (West Texas Intermediate) and United Kingdom’s Brent. The differences between WTI and Brent embody not only price but oil type as well, with WTI producing crude oil with a unique density and sulfur content. The demand for crude oil is dependent on international financial conditions in addition to market hypothesis. Crude oil costs are commonly measured in USD. Though there have been discussions of changing the USD with one other trade currency for crude oil, no definitive actions have been taken.
CRUDE OIL News and Evaluation
by Michael Boutros
by Paul kerui petroleum equipment houston weather Robinson
by Tyler Yell, CMT
by Ilya Spivak
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