Desulfurized crude oil (light)

Crude oil is the most active commodity in the world. In the past ten years, the New York Mercantile Exchange (NYMEX) has become the most circulating crude oil trading market in the world, and also the largest futures contract trading of a natural commodity in the world. Because of its good trading liquidity and price transparency, its futures contracts are often used as the main pricing benchmark in the world.

The delivery place of the contract is Cushing, Oklahoma, which is connected with the spot market in the United States and can lead to the international spot market through oil pipelines. By providing several levels of domestic and international crude oil trading, futures trading contracts are systematically provided to the spot market to meet various needs.

Low sulfur light crude oil has become the first choice for refiners because of its high yield of high-value products such as gasoline, diesel oil, civil fuel oil and aviation fuel.