Oil (Light Crude) Price

If you’re looking for the latest Oil (Light Crude) price then you’ve come to right place. Whether you’re trading or spot buying and selling Oil (Light Crude) commodities, we will have all the information you might need on Oil (Light Crude), including trading guide, commodity info, and up to date prices.

Oil (Light Crude) Price

Oil (Light Crude) current price is 81.45$ / barrel. Oil (Light Crude) commodity price changed by -0.15 which represents a -0.0018 percentage shift from the previous trading day’s closing price.

Light crude oil is a type of oil that is generally more expensive than heavy crude oil because it can be refined into more gasoline and other fuels than heavy crude. In addition, light crude oil is “lighter,” or less dense and less viscous than heavy crude. There are different definitions at to what exactly constitutes light crude oil versus heavy crude oil. According to the the New York Mercantile Exchange, light crude oil must have an API gravity between 32 API and 42 API if it is from outside of the United States and 37 API to 42 API if it comes from inside the United States. The price of light crude oil has fluctuated greatly over the last decade. The low point came in 2002, when the price dipped below $20 per barrel. The high point came in May of 2008, when the price jumped all the way up above $130 per barrel. The price of light crude oil changes greatly based on market demand, but is also tremedously effected by international politics and the real or perceived stability or instability of world powers and rogue states.

The Oil (Light Crude) price today stands as 81.45 and falls in a 52 week range of 43.83 and 83.95. Good luck in your trading.