The Crude Oil and Commodity Prices on April, Friday 25 2014 are: WTI Crude Oil is $101.94/barrel and Brent Crude Oil is $110.33/barrel.
In 1977, the average price for a barrel of crude oil was $14.40 (about $60.00 in today's dollars).
Crude oil is that oil that comes out of an oil well head (before it is refined). However, different oil wells produce different types of crude oil (some is thick and some is very runny)For commercial trading purposes, Brent Crude is a major classification of sweet light crude oil that serves as a major benchmark price for purchases of oil worldwide.
After crude oil is removed from the ground, it is sent to a refinery by pipeline, ship, or barge. At a refinery, different parts of the crude oil are separated into usable petroleum products.
In short, weakening of the US dollar, e.g., due to the weakening US economy, causes crude oil prices to go up. Strengthening dollar makes the price of crude oil to decrease. It is explained by the Purchasing Power Parity theory, which assumes that the producers of crude oil should get the same price for oil in their own currency, after exchanging dollars they receive for crude oil.
Crude oil is extracted by drilling wells, but oil sand deposits are strip mined or made to flow into producing wells by in situ techniques which reduce the bitumen's viscosity with steam and/or solvents.
Crude oil is crude..
Polymers are not made into crude oil. Crude oil is made into polymers.
What other thing you can do with crude oil.
It is a mixture of hydrocarbons, which can be separated by fractional distillation. Oil is NOT an element.
Yup! Crude Oil -> Crude Oil Vapour --> Diesel Oil --> Ethene --> Poly(ethene)
Crude Oil is hydrocarbon and it is mixture of carbon and hydrogen.
Crude oil blended with condensate or NGLs
Zero. A barrel or crude oil contains... crude oil.
the constituents of crude oil are FEUL OIL,LPG, NAPHTHA,GASOLNE ETC
crude oil is ba
Crude oil is inorganic.