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Light Sweet Crude FuturesThe appeals of light sweet crude have been earned in real world applications; the low viscosity of sweet crude means advantages throughout much of the distribution process; basically the oil is easier than heavy crude oil to move form the ground to the pump and purer than other forms of crude. It is easier to process while yielding a higher quality product. Often the refiners choice over heavier oils. Reasons it fetches greater prices than for other forms of crude. The light sweet crude oil futures contract represents the most liquid form of crude oil trading. For a physical commodity, it is the largest volume futures contract. Places the light sweet crude is found include, in addition to Texas and Louisiana, substantial deposits in Alaska - possibly placing the onus of energy concerns on protected wildlife refuge areas. Outside of the United States, it comes from Canada, China, Australia and Algeria. During much of 2010, light sweet crude was the type of oil that was released in the Gulf of Mexico by the BP oil rig incident. Garnering global attention, and harsh public criticism, hundreds of lawsuits ensued. It remains to be seen whether any governmental reaction and new regulations imposed will result in safer offshore drilling standards for the industry while at the same time protecting the environment. Get information on energy markets with our gas resource for Natural Gas Futures Market. In addition to Heating Oil Futures and Light Sweet Crude Markets. |