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CRUDE OIL Crude oil is the "unprocessed" oil that comes out of the ground. It is also known as petroleum.
Crude oil is a fossil fuel, meaning that it was made naturally from decaying plants and animals living in ancient seas millions
of years ago. Crude oils vary in color, from clear to tar-black, and in viscosity, from watery to almost solid. Crude oil is classified into various grades according to density (heavy vs light) and sulphur content (sour
vs sweet). There are three primary benchmarks of crude: West Texas Intermediate, Brent Blend, and Dubai. West Texas Intermediate
is used primarily in the U.S. It is light and sweet thus making it ideal for producing products like low-sulfur gasoline and
low-sulfur diesel. Whether you are a speculator or a hedger this section on the crude
oil market contains a wealth of valuable information. You can read about the history of the crude oil market,
the fundamentals that make it move, and the futures and options specifications. You can also view quotes, charts, current
margin requirements, and news that is affecting the crude oil market. However, if you are new to the commodities
markets you should consult with a licensed broker before starting to trade.
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