what is crude oil price?

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what is crude oil price?

Crude oil price generally refers to the spot price of a barrel of benchmark crude oil, which serves as a reference for buyers and sellers of crude oil. Examples of benchmark crude oils include West Texas Intermediate (WTI), Brent ICE, Dubai Crude, OPEC Reference Basket, Tapis Crude, Bonny Light, Urals oil, Isthmus, and Western Canadian Select (WCS).

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