Commodities crude oil




Customer reviews
LeCCkin
once in high quality ... Thank you ....
tutto
This is something there. Clearly, thanks for the explanation.
sergevna
Interesting topic, thanks to the author was pleased, tell me where you saw something similar here? once more hoyaetsya poyuzat.
adgreat
I think you're wrong. Let's discuss it.
Fudjin
Just shine
VsegdaYA
You are wrong. I'm sure. Suggest it to discuss. Write to me in PM.
Blondinochka181
I'm sorry I broke ... I have not been here long. But I am very close to this topic. I can help with the answer. Write to the PM.
Yagi
I think it will help you find the right solution. Do not worry.
Lexx
If a man experiences fear, he may get an erection, which is not due to sexual arousal or pleasure.

Commodities crude oilCommodities: Crude Oil

Crude oil is a naturally-occurring substance found in certain rock formations in the earth. To extract the maximum value from crude, it needs to be refined into petroleum products. The best-known of these is gasoline, or petrol. Others include liquefied petroleum gas (LPG), naphtha, kerosene, gas oil and fuel oil.

Oil wells are used to release the oil from within the earth. Some of the earliest developed oil wells were drilled in

using bamboo poles. These oil wells were developed in 347 A. D. for the sole purpose of providing enough fuel to create a thriving salt industry. By the 1950s, crude oil became a global energy source, which in effect killed the whaling industry by making whale oil obsolete.

In the crude oil industry, there are oil names (such as Brent Light Crude Oil and Bonny Light) and there are oil types (such as light, heavy, sweet and sour). Light oil has a low density viscosity, while heavy oil is of higher density. Sweet oil has less sulfur, and sour oil has excessive sulfur. The world market prefers light, sweet crude oil, largely because it requires less refinement and production time before going to market. (Find out how to stay on top of data reports that could cause volatility in these markets in Become An Oil And Gas Futures Detective .)

A sample commodity futures contract for crude oil is shown in the following table.

Crude Oil Contract Specifications