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Crude Oil is a naturally occurring liquid fossil fuel ensuing from plants and animals buried underground and uncovered to excessive heat and strain. Crude oil is probably the most demanded commodities and prices have significantly increased in latest instances. Two major benchmarks for pricing crude oil are the United States’ WTI (West Texas Intermediate) and United Kingdom’s Brent. The variations between WTI and Brent include not solely value but oil type as properly, with WTI producing crude oil with a different density and sulfur content. The demand for crude oil relies on international economic conditions as well as market speculation. Crude oil prices are commonly measured in USD. Although 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 Analysis
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