QUOTE AND NEWS
Channel News Asia  Aug 7  Comment 
U.S. refiners could face a continued squeeze on profit margins in the months ahead as dwindling supplies of heavy crude from Venezuela and elsewhere are leading several to switch to higher-priced but easier-to-refine light, sweet crude.
The Times of India  Aug 3  Comment 
It is for the first time that BPCL, which is largely dependent on OPEC nations for oil imports, buys crude from the US.
Reuters  Jul 13  Comment 
The world is awash with oil, but in pockets of the market lower-quality, sulphur-rich crude is limited and buyers are competing for cargoes.
Mondo Visione  Jul 12  Comment 
Dubai Mercantile Exchange (DME) announced that PETCO has successfully sold 600,000 barrels of Kimanis Light Sweet crude on the “DME Auctions” platform.  PETCO is now the first non-Middle Eastern producer to use the auctions platform. 17...
Mondo Visione  May 31  Comment 
The Dubai Mercantile Exchange hosted the second Basrah Light crude oil auction on Wednesday. Almost 50 bids were received from 15 participating companies and the 2 million barrel cargo was awarded at a premium of 37 cents to the July Basrah Light...
The Hindu Business Line  May 1  Comment 
Top oil exporter Saudi Arabia is expected to cut the price of its flagship Arab Light by 40-50 cents a barrel in June to the lowest in nine months, a survey of Asian refiners showed. Official sell...
newratings.com  Feb 27  Comment 
WASHINGTON (dpa-AFX) - Crude oil futures rose Monday, extending a run of topsy turving trading near the upper end of a stubborn $50-55 a barrel range. WTI light sweet crude oil for April was up 48 cents to $54.47 a barrel. Prices have crept...
Yahoo  Dec 29  Comment 
Oil prices steadied on Thursday after a surprise build in U.S. inventories helped stall an uptrend that has pushed global crude benchmarks to around 18-month highs. U.S. light crude was down 10 cents at ...
OilVoice  Oct 17  Comment 
The fight to halt construction of the Dakota Access crude pipeline made its way to the US energy capital as dozens of activists marched and chanted through the streets of downtown Houston. Carrying s




RELATED WIKI ARTICLES
 

This article describes the specific commodity. For information about oil prices in general, see the article on Oil Prices.

Light Sweet Crude Oil is crude oil with a low wax content (as opposed to heavy crude) and low sulfur content (as opposed to sour crude) making it easy to refine. Generally, people use the shortened terms "light crude" and "sweet crude" to refer to light sweet crude, as this is the crude oil most often refined into gasoline, kerosene, and diesel fuel. Light Sweet Crude is traded on the NYMEX (symbol CL) in US Dollars per barrel.

In common practice, and to distinguish the commodity "light, sweet crude" from the descriptive measure "light, sweet crude" (which may refer to other commodities such as brent crude), the term West Texas Intermediate (a specific type of light, sweet crude) is used when referring to the commodity.

The chart at left shows continuos front-month futures prices for Light, Sweet, Crude traded on the New York Mercantile Exchange.

Prices

Light Sweet Crude futures are traded on the New York Mercantile Exchange under ticker symbol CL and are delivered every month of the year. (For more information on commodity tickers, check out the commodity ticker construction page.)

Light vs Heavy Crude

Heavy crude oil is typically defined as having a specific gravity greater than .933; however the distinction is often more functional than empirical, with any crude being labeled "heavy" that does not flow as well as its light counterpart.

Sweet vs Sour Crude

What makes crude oil "sweet" is a low sulfur content (typically < 0.5%) which results in lower refinery costs and fewer impurities. While this is generally the crude oil refined into gasoline, some refining companies, notably Valero Energy (VLO), have developed refining processes that allow them to refine more challenging, but cheaper, higher-sulfur petroleum.

See Also

Savings Account

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