Api wti oil

Crude oil inventories have shed a total of 30.2 million barrels since the start of 2017, according to API data. The WTI benchmark was down 2.56 percent on the day to $55.31 at 4:17pm EST—almost The price of WTI is usually used in news reports when it comes to oil pricing.West Texas Intermediate oil is expensive as it needs to be delivered using oil tankers. WTI grade crude oil is light, with a 39.6 API gravity. An API greater than 10 means it is lighter and floats on water. WTI has an API gravity of about 39.6, making it quite light (having an API gravity over 10 means the petroleum is lighter and floats on water). It also has a sulfur content around 0.24%, making it very sweet. But WTI's reign as the global oil benchmark was overthrown by Brent crude in 2013. Brent Steals the Crown

8 Feb 2020 Between the two major crude oil inventory reports from the API and the U.S. EIA, one is usually more highly regarded. Find out why. 29 Jan 2020 HOUSTON, Jan. 28 (Xinhua) -- The American Petroleum Institute (API) on Tuesday reported a decrease of 4.3 million barrels of crude oil in the  26 Dec 2019 WTI and Brent crude oil futures rose in early trading to near three month highs, supported by the latest API report and lifting optimism around  3 Mar 2020 The American Petroleum Institute reportedly shows a build of 1.7M barrels of oil for the week ending Feb. 28, the sixth consecutive weekly  4 Dec 2019 U.S. crude oil inventories fell more than expected last week, according to the American Petroleum Institute (API). The API said crude stocks  The API degrees indicate whether a crude oil floats on water or sinks. Light crude oils flow easily and contain more volatile components, while extra-heavy crude  Liquids lighter than water, such as oil, have API gravities numerically greater than 10. On the basis of their API gravity, crude oils can be classified as heavy, 

WTI crude oil is holding its ground as it continues to hover around the top of its ascending channel on the 4-hour time frame. A bounce from this area could take the commodity back to the channel

American Petroleum Institute news coverage on MarketWatch. API is the largest U.S. trade association for the oil and natural gas industry. WTI Crude West Texas Intermediate (WTI) crude oil is of very high quality. It has API gravity of 39.6 and sulphur content of 0.24% only. Its low density and low sulphur content gave it the name Generally speaking, oil with an API gravity between 40 and 45° commands the highest prices. Above 45°, the molecular chains become shorter and less valuable to refineries. Crude oil is classified as light, medium, or heavy according to its measured API gravity. Light crude oil has an API gravity higher than 31.1° (i.e., less than 870 kg/m 3) The grade, known as West Texas light (WTL), covers Midland delivered crude with a higher oil gravity (API) between 44.1 and 49.9. At the time of the announcement, Argus reported that WTL was trading at a $1.40 to $2.00 discount to West Texas intermediate (WTI) Midland, a slightly heavier grade.

API Gravity Definitions: Definition of API Gravity of water provided by WikiPedia: The American Petroleum Institute gravity, or API gravity, is a measure of how heavy or light a petroleum liquid is compared to water. if its API gravity is greater than 10, it is lighter and floats on water; if less than 10, it is heavier and sinks.

Specifications guide Americas crude oil: November 2019 DefiNitioNS of the tRaDiNg LocatioNS foR which PLattS PubLiSheS DaiLy iNDexeS oR aSSeSSmeNtS WTI M1 PCACG00 PCACG03 AAFCV00 ex-tank Cushing M+1 25,000 - - US $ Barrels WTI M2 PCACH00 PCACH03 AAFCX00 ex-tank Cushing M+2 25,000 - - US $ Barrels Get breaking news and analysis on iPath S&P GSCI Crude Oil Total Return Index ETN (OIL) stock, price quote and chart, trading and investing tools. The Dubai Fateh Crude Oil Spot Price displays the spot price for Dubai Fateh Fateh 32 API crude oil, which is a medium sour crude oil, slightly lower grade compared to Brent Crude Oil or WTI Crude Oil. The Dubai Crude, or Fateh, is one of the three global marker crudes (alongside WTI and Brent Crude), that buyers and sellers of crude oil use as WTI Crude Oil Spot Price is at a current level of 57.72, down from 59.86 last month and up from 51.36 one year ago. This is a change of -3.58% from last month and 12.38% from one year ago. *Data represented is based on average sample results of individual WTI & WTL batches at ECHO. Individual batch quality may vary. Crude oil blends by API gravity and by sulfur content. select where you want yo share this article share share. share. Facebook link opens in a new window Twitter link opens in a new window Linkedin link opens in a new window 1 Email link opens in a new window copy to clipboard. close. Print Top.

Hi, I've done a little research on this topic and I'm hitting dead ends. I'm trying to create a Python script that tracks the price of oil. I don't care which oil price; WTI or Brent short-term futures would certainly be the best, but for starters I'd take anything. The trouble is I'm having a hard time finding a semi-real-time price feed API that I don't have to pay for.

*Data represented is based on average sample results of individual WTI & WTL batches at ECHO. Individual batch quality may vary. Crude oil blends by API gravity and by sulfur content. select where you want yo share this article share share. share. Facebook link opens in a new window Twitter link opens in a new window Linkedin link opens in a new window 1 Email link opens in a new window copy to clipboard. close. Print Top. WTI Light has a gravity of 45-50 API, lighter than the typical 38-42 API of WTI Midland, the mainstay sweet benchmark. The sales began after the construction of enough tanks in the region to Crude Oil Price Update - Demand Driven Weakness Ahead of API Inventories Report Look for volatility with the release of the API Inventories report at 20:30 GMT. Crude Oil Prices: West Texas Intermediate (WTI) - Cushing, Oklahoma. Other Formats. Annual, Not Seasonally Adjusted Daily, Not Seasonally Adjusted Monthly, Not Seasonally Adjusted. Related Categories. Commodities Prices. Sources. More Releases from U.S. Energy Information Administration. A bullish API report will likely trigger a rally into the downtrending Gann angle at $61.26. Sellers could come in on the first test of this angle. February WTI crude oil is trading $60.80, up

The API rates light oil as 31.1° API. WTI contains about 0.24% sulfur, thus is rated as a sweet crude oil (having less than 0.5% sulfur), sweeter than Brent, which 

The degree to which the perception of quality of West Texas Intermediate crude oil influences price was on display Wednesday in the form of the following crude value indication given to S&P Global Platts: WTI Midland at Cushing, Oklahoma, is worth 90 cents/b more than WTI at Cushing. If that sounds confusing, it is, and let me explain. Union Pacific is the largest railroad in North America, covering 23 states across the western two-thirds of the United States Crude oil is one of the most in-demand commodities, with the two most popularly traded grades of oil being Brent Crude and West Texas Intermediate (WTI). Crude oil prices reflect the market's Get updated data about energy and oil prices. Find natural gas, emissions, and crude oil price changes. Specifications guide Americas crude oil: November 2019 DefiNitioNS of the tRaDiNg LocatioNS foR which PLattS PubLiSheS DaiLy iNDexeS oR aSSeSSmeNtS WTI M1 PCACG00 PCACG03 AAFCV00 ex-tank Cushing M+1 25,000 - - US $ Barrels WTI M2 PCACH00 PCACH03 AAFCX00 ex-tank Cushing M+2 25,000 - - US $ Barrels Get breaking news and analysis on iPath S&P GSCI Crude Oil Total Return Index ETN (OIL) stock, price quote and chart, trading and investing tools. The Dubai Fateh Crude Oil Spot Price displays the spot price for Dubai Fateh Fateh 32 API crude oil, which is a medium sour crude oil, slightly lower grade compared to Brent Crude Oil or WTI Crude Oil. The Dubai Crude, or Fateh, is one of the three global marker crudes (alongside WTI and Brent Crude), that buyers and sellers of crude oil use as

"However, WTI crude futures rose in reaction to the report, briefly breaking above $67, given that the headline figure had been lower than the 9.88 million barrel build reported in yesterday's API The downtrend in WTI crude oil is alive and well, with prices falling toward the $49.00 handle. Following this week's API and EIA Crude Oil Stocks numbers, energy traders have found little reason to bid crude. At this juncture, the global oil complex is tanking as questions over Chinese demand persist.