Talk about crude oil futures trading, if you care this market, you will see this is among the most widely watched futures market. Everyday people keep talking about oil prices on television shows, in newspapers or magazines. Futures for crude oil trade on more than one exchange and are available nearly twenty-four hours a day. For its popular, we will get to know some knowledge about this market. Today, we will view of Light Sweet vs. Brent Crude Futures. In this market, you will often hear the words 鈥渓 ight, sweet 鈥?or 鈥渂 rent 鈥?when crude oil price is quoted or market information is given. Do you know what they mean? While these terms may not seem relevant, they mean a lot to traders and actually refer to different crude oil futures markets. You know, crude oil is classified by the petroleum industry according to the geographic region that produces it, its density, and its sulfur content. Such the characteristics often determine costs of transportation (geographic origin), gasoline yield (lighter density oils produce a higher gasoline yield) and refining needs (high sulfur content means more refining), and so they can often affect the prices of crude oil. Now, we get to know more about the above terms. The crude oil which is delivered at the hub of supply in Cushing, Oklahoma is the West Texas Intermediate (WTI) variety, better known as light, sweet crude. This crude oil is lighter than brent crude, and contains around .24% sulfur, making it a sweet crude. This is the underlying crude oil of the futures contract on NYMEX. Some light sweet crude oil comes from the Midwest and Gulf Coast regions of the United States. It can often, but is not guaranteed to, trade at a premium to other crude oil types because of its produce of high fractions of gasoline, kerosene, and high quality diesel. Another benchmark for crude oil price is brent crude oil from the North Sea. Brent is still light oil but less than WTI and has higher sulfur content at .37%. Brent crude oil futures are traded on NYMEX and the Intercontinental Exchange (ICE). It is used in production of gasoline and middle distillates such as kerosene and diesel. Although much focus is given to the Middle East, its sour crude production levels and the actions of OPEC, these two crude oil price benchmarks of light sweet crude oil and brent crude oil still prove that the United States and the North Sea remain important areas for crude oil production. The evidence is that the United States is the oldest global producer of crude oil. This country has produced more crude oil than any other country when considered cumulatively. There have been debates on finite fields and the environmental impact of crude oil. They may have some bearing on crude oil prices and the crude oil futures market. Whether light sweet crude futures or brent crude futures and they may continue to be volatile. Since the prices are changeable, once you are in this specific market or futures trading floor, keep up with the crude oil price for your trading! As always, to anyone who is earning from there, remind the disclaimer: 'Futures trading involves a substantial degree of a risk of loss and is not suitable for all investors. Past performance is not indicative of future results.'