What is the difference between crude oil and crude oil index
Crude oil is a kind of crude oil index refers to the price of crude oil futures
Most of the international crude oil index NYMEX light sweet crude oil futures contract a comprehensive contract, 1--12 months that month is the main contract, the price of crude oil quotes on the price of the month.What are the international crude oil prices, the formation of the world's crude oil trading in North America, Europe, Asia, the three major markets, the market has a price index of crude oil, namely, WTI crude oil, Beihai Brent crude oil, Dubai crude oil production in the middle east. The best quality is WTI crude oil futures prices, WTI refers to the American West Texas light crude oil, is a kind of common North American crude oil futures prices. Due to the U.S. military and economic capabilities in the world, WTI crude oil has become the benchmark for global crude oil pricing.
The international oil price is the actual price, the international oil price is the specific price of the actual exchange of buyers and sellers reflect, can serve as a basis for investment, spot oil prices, according to the international oil price changes in real time data about this is the difference between the two.
The API is a measure of the density of petroleum and petroleum products developed by the American Petroleum Institute (API). General oil quality is better, the higher the degree. Crude oil prices rose on the rise, with the dollar index.
