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Is NYMEX the same as WTI crude oil?

No, NYMEX (New York Mercantile Exchange) is a commodity futures exchange where various energy products, including WTI (West Texas Intermediate) crude oil, are traded. WTI crude oil refers specifically to the grade of crude oil that is used as a benchmark for oil prices in the United States.


What consequences if you drink crude oil?

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.


Use crude in a sentence?

Crude is something that has not been altered and is in its raw state. A good sentence would be, a new shipment of crude oil was just received yesterday.


What is the difference between Brent and WTI crude oils?

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.


What is Nigeria's position in the world in producing crude oil?

Crude oil is crude..


What can you do with crude oil?

What other thing you can do with crude oil.


Why is crude oil known as crude?

Crude Oil is hydrocarbon and it is mixture of carbon and hydrogen.


How many gallons of gasoline are there in a barrel of crude oil?

Zero. A barrel or crude oil contains... crude oil.


What is the major element in crude oil?

the constituents of crude oil are FEUL OIL,LPG, NAPHTHA,GASOLNE ETC


How is crude oil used by humans?

crude oil is ba


What would be a good sentence with the word crude oil that includes the term and words southwest Asia?

Southwest Asia is a major producer of crude oil, with countries like Saudi Arabia and Iraq leading the way in oil production and exports.


Is crude oil the oil you put in cars?

Yes, but they make it into gasoline first. Crude oil is not the oil you put in the crankcase. That is oil that is refined from crude oil and then additives are added.