Energy For The Next Generation

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PRICE OF CRUDE OIL

Oil is an important commodity that a lot of hedge funds like to trade.The price of petroleum in the past of the years has reported significant increases and also corrections.
In our days petroleum is an important source of energy .The price of oil in North America refers to the WTI Cushing Crude Oil Spot Price and also know as Texas Light Sweet is a type of crude oil used as benchmark in oil pricing of New York Mercantile Exchange’s oil futures contracts.
Normaly crude oil is more lighter than Brent Crude oil,it contain about 0,24 % sulfur.In July 2008 the price of the oil reached at a record of 145 $ /barrel and now the price of crude oil decrease at 93,05$/barrel in april 2013.

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