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Light
Sweet Crude Futures
The benchmark of crude oil
futures contracts on the New York Mercantile Exchange, light
sweet crude is a form of oil that contains little or no wax and is processed
into high value kerosene, gas, heating oil, jet fuel and diesel fuels.
The appeals of light sweet crude are 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.
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.
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