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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....
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What was the price of crude oil in the 1980s?
In 1977, the average price for a barrel of crude oil was $14.40 (about $60.00 in today's dollars).
What was the price for crude oil in 1997?
In 1997, the average price for a barrel of crude oil was $18.64 (about $30.00 in today's dollars).
What was the price of oil in 1992?
The average price of a barrel of crude oil in 1992 was $15.99
What was the price of oil in 1965?
The average price of a barrel of crude oil in 1965 was $2.86
What was the Price of oil n1967?
The average price of a barrel of crude oil in 1967 was $2.92
What causes sweet crude oil to became sour?
Sweet crude oil can become sour due to the presence of sulfur compounds which can develop over time or be introduced during production. These sulfur compounds can react with the oil to create hydrogen sulfide, giving the crude oil a sour smell and making it more corrosive. Sour crude oil typically has higher sulfur content than sweet crude oil.
What was the Price of crude oil in 1901?
The average price of a barrel of crude oil in 1901 was 96 cents.
What was the price of crude oil in the 1980s?
In 1977, the average price for a barrel of crude oil was $14.40 (about $60.00 in today's dollars).
Crude oil price in May 2007?
The average price for a barrel of crude oil in May 2007 was: $58.90
What was the price of crude oil in the United States in 2000?
The average price for a barrel of crude oil in 2000 was: $26.72
What is the difference between sweet and sour crude?
Sweet crude oil contains less sulfur content, making it easier and cheaper to refine into products like gasoline. Sour crude oil, on the other hand, contains higher sulfur content, which requires more complex and expensive refining processes to remove impurities.
What was the price for crude oil in 1997?
In 1997, the average price for a barrel of crude oil was $18.64 (about $30.00 in today's dollars).
What is the Average price of crude oil the last 5 years?
From 2005-2010, the average price for a barrel of crude oil is: about $67.00.
Crude oil prices in 1976?
In 1976, the average price for a barrel of crude oil was $13.10 (about $50.19 today).
What was highest price per barrel of crude oil in 2008?
The highest price for barrel of crude oil reached $128.08in July 2008.
What was the price of oil in 1992?
The average price of a barrel of crude oil in 1992 was $15.99
What was the price of oil in 1965?
The average price of a barrel of crude oil in 1965 was $2.86
