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.
There are 3 different types of Crude Oil, 1) Light sweet (WTI= West Texas Intermediate): High-quality, Sweet oil, traded at the NYMEX (Newyork Exchange) 2) North Sea Brent (Sourced from the North Sea): Light oil 3) Oman Dubai: Sour oil (Crude oil is light if if the density is low & heavy if the density is high. Sweet if sulfur content is low and Sour if sulfur is high). Now check the day today price at market....
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.
If you drink crude oil you will likely get diarrhea. Depending on the source of the crude and how much you drink you may experience other gastrointestinal problems. Drinking crude oil is NOT a good idea.
West Texas Intermediate (WTI) crude oil is of very high quality and is at refining a larger portion of gasoline. Its API gravity is 39.6 degrees, which makes it a "light" crude oil, and it contains only about 0.24 percent of sulfur (making a "sweet" crude oil). Brent Blend is actually a combination of crude oil from fifteen different oil fields located in the North Sea. It is still a "light" crude oil, but not quite as "light" as WTI, and it contains about 0.37 percent of sulfur (making it a "sweet" crude oil, but again slightly less "sweet" than WTI). Brent blend is good for making gasoline and middle distillates. WTI is more expensive than Brent.
There is crude oil in Southwest Asia.
It is an excellent source of raw material
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.