These types of crude oil in the international oil prices dominated called "Benchmark" standard crude oil are traded in the international trading center. Some kind of benchmark crude oil in the world is:-Crude West Texas Intermediate (WTI) crude oil is mainly prepared by the United States of America, was trading at New York commodity exchange (NYMEX).-Dubai's Fateh crude oil (also known as the Dubai oil) used as standard oil in the Asian market with the price mechanism. This type of oil traded in the Dubai market. -The North Sea Brent crude oil-oil is used as the standard for the majority of the remaining crude oil trading in the world. This type is bought on sale at London's international petroleum Exchange (currently associated with the Intercontinental Exchange).
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