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Light Crude Oil

What does Light Crude Oil mean?

A type of liquid petroleum that has a low density and viscosity that is used by oil refineries to produce gasoline and diesel. The most well-known light crude oil in North America is West Texas Intermediate which is a light sweet crude oil with a API gravity of 39.6.

Futures Knowledge Explains Light Crude Oil

Light Crude Oil has a higher API gravity and low specific gravity with the cutoff varying based on region. For example, the NYMEX determines that light crude oil must have a API gravity of 37 and 42 for U.S. oil and 32 and 42 for non-U.S. oil.

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