QUOTE AND NEWS
Resource Investor  Jul 17  Comment 
Light crude rebounded after a drop to the support zone. Could it stop oil bears’ charge?
Resource Investor  Jul 10  Comment 
Light crude hit its lowest level since June 5. Does it mean that oil bulls lost ground?
Reuters  Jul 10  Comment 
(For a list of OSPs, click, for Iranian OSPs click ) TOKYO, July 10 (Reuters) - Iran has set the official selling price (OSP) of its Light crude oil loading in August to Asian buyers at $2.30 a barrel above the average of Oman/Dubai quotes,...
Reuters  Jun 25  Comment 
Shares of U.S. refiners such as Valero Energy Corp dropped on fears of a rise in crude costs after U.S. officials allowed energy companies to export very light crude oil, or condensate, after it has been minimally processed.
Reuters  Jun 24  Comment 
U.S. officials have allowed two companies to export a kind of ultra-light oil known as condensates, a first step that effectively loosens a 40-year ban on most U.S. crude exports, the Wall Street Journal reported on Tuesday.
Resource Investor  Jun 18  Comment 
Light crude declined below an important medium-term support line. Will this event be strong enough to trigger a sizable correction?
Reuters  Jun 2  Comment 
(John Kemp is a Reuters market analyst. The views expressed are his own)
FX Street  Apr 29  Comment 
On Friday, the price of light crude declined from $102 as concerns over domestic supplies... For more information, read our latest forex news and reports.
OilVoice  Apr 25  Comment 
Despite a growing chorus from U.S. oil producers calling for the removal of the ban on crude exports demand from the global market for U.S light sweet crude oil will be limited. Falling demand for li
Reuters  Apr 11  Comment 
Iran has set the official selling price (OSP) of its light crude oil loading in May to Asian buyers at $2.11 a barrel above the average of Oman/Dubai quotes, a trader said on Friday, up 30 cents from the month before.




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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

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