brent crude vs wti
The higher the number, the less dense the oil. Benchmarks also enable traders and investors to track the price of a specific oil type. The Bottom Line 4. The information on this site is not directed at residents of the United States, Belgium or any particular country outside the UK and is not intended for distribution to, or use by, any person in any country or jurisdiction where such distribution or use would be contrary to local law or regulation. One of the most common ways to buy and sell oil is via futures, but there are also other ways to get exposure to the commodity. Registered address at Cannon Bridge House, 25 Dowgate Hill, London EC4R 2YA. The charge is already included in the spread. When it comes to crude oils such as Brent and WTI, traders should keep an eye on the political climate in the Organisation of the Petroleum Exporting Countries (OPEC) regions and the US. The difference between the spot price of Brent crude and WTI is called the Brent/WTI spread. It’s primarily a benchmark for the US oil market; Brent crude and WTI differ in terms of where it’s extracted, its composition, how it’s affected by … WTI Crude API gravity of around 39.6. Hopefully, after reading this article, you must have understood the difference between Brent crude oil and WTI crude oil benchmark. In the trading world, WTI is primarily a benchmark for the US oil market. Its sulfur content can be higher or lower depending upon the grade in question. 5. IAS / Civil Services (PCS): FREE study material. Therefore, the most important constraint for NYMEX WTI futures is simply Cushing crude storage vs. Cushing storage capacity. Light sweet oils flow more freely at room temperature, making them easier and cheaper to refine. It is transported through a pipeline and stored in Oklahoma, USA.
}. It is commonly used for gasoline refining. At least 20 gallons of gasoline is refined to extract one barrel of usable oil. Find out what charges your trades could incur with our transparent fee structure.
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