The world's most actively traded commodity is crude oil. Light Sweet Crude is delivered in Cushing, Oklahoma, which is also accessible to the international spot markets via pipelines. Because of their low sulfur content and relatively high yields of high-value products (such as heating oil, gasoline, diesel fuel and jet fuel), light, sweet crudes are preferred by refiners.
|CONTRACT SIZE||1,000 barrels|
|EXCHANGE||Chicago Mercantile Exchange (CME)|
|PRICE QUOTE||USD price of 1 barrel|