types of oil wti, brent
Crude oil is not a homogenous commodity. There. are various types of internationally traded crude oil. with different qualities and characteristics. The. light/sweet crude grades usually trade at a premium. over the heavy/sour crude grades.
The four primary types of oil are: (1) The Very Light Oils / Light Distillates which include: Jet Fuel, Gasoline, Kerosene, Light Virgin Naphtha, Heavy Virgin Naphtha, Petroleum Ether, Petroleum Spirit, and Petroleum Naphtha.