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Minnaloushe Posted 12 years ago
Vocabulary

January delivery of light


Brent crude futures fell to a five-year low of $65.29 a barrel in London on Tuesday. Futures for January delivery of light, sweet crude on the New York Mercantile Exchange are currently trading at $62.55, down about 2% from Tuesday.
It was cited from USAtoday.

What does " Janauary delivery of light" mean?

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Top answer

Minnaloushe light, sweet crude "light, sweet crude" is a type of unrefined petroleum - oil that comes out of the earth from oil wells. It is the most expensive natural oil. Most oil wells in the world do not produce oil of such high quality.

— AlpheccaStars

  • Minnaloushe light, sweet crude "light, sweet crude" is a type of unrefined petroleum - oil that comes out of the earth from oil wells.
  • It is the most expensive natural oil.
  • Most oil wells in the world do not produce oil of such high quality.
  • "Brent crude" is is a type of unrefined petroleum that has the same characteristics as the oil from certain geological formations in the North Sea.
  • "delivery for January" means that the oil will be put in some shipping container ( a ship or truck) or pipeline, and be delivered to a refinery for processing in January.
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1 Answers
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Minnaloushelight, sweet crude
"light, sweet crude" is a type of unrefined petroleum - oil that comes out of the earth from oil wells. It is the most expensive natural oil. Most oil wells in the world do not produce oil of such high quality.

"Brent crude" is is a type of unrefined petroleum that has the same characteristics as the oil from certain geo
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