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oil
2009/02/19-Shawn, Edward
 
geographic location
sulfur content
API gravity( measure density)
ex:West Texas,Brent, orOman If its API gravity is greater than 10, it is lighter and floats on water;if less than 10, it will sink.Light: API>31.1Medium:22.3<API<31.1Heavy : API<22.3 ,40-45 higher priceL>HSweet: relative less sulfurSour: more sulfurSweet >Sour
 
known as
Texas Light Sweet
, is atype of crude oilused as abenchmarkin oil pricing and theunderlying commodityof  New York Mercantile Exchange's oilfutures contracts.NYMX CL=WTI?a very high-quality, sweet, light oildelivered atCushing, OklahomaforNorth American oilDelivery F.O.B. seller's facility,Cushing, Oklahoma,
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