LightSweetOil.com

Right from the early 2000s there has been a inflation on the price of the barrels of the crude oil. It was generally under $25/barrel but during the 2003 it raised up to $30/barrel. Due to the geo political events and natural disasters, the global oil market had a strong short term effect on the [...]

The recent world wide economic downturn has caused a decline in all commodity prices. Copper, aluminum, coal, wheat, rice and almost every other commodity has experienced a sharp decline in price. The price of light sweet crude oil was no exception. From a high of $145.08 per barrel in 2008, it plunged to a low [...]

Light sweet crude oil is the source of petroleum gas, gasoline, kerosene, industrial fuel and diesel. It comprises of little sulphur in contrast to sour crude oil. The price of light sweet crude oil has a great impact on the economy and vice-versa. Present day price of crude oil is 76.60$ per barrel. There are [...]