West Texas Intermediate (WTI) Oil price falls on Wednesday, early in the European session. WTI trades at $65.64 per barrel, ...

The American Petroleum Institute (API) estimated that crude oil inventories in the United States rose sharply for the second week in a row, this time gaining an additional ...

Cushing inventories—the benchmark crude stored and traded at the key delivery point for U.S. futures contracts in Cushing, Oklahoma—fell by 980,000 barrels in the week after gaining a modest 100,000 ...

The American Petroleum Institute reportedly shows another surprise build of 19.1M barrels of oil in U.S. commercial stockpiles for the week ending July 11, the largest weekly build reported by the API ...

According to the EIA’s Today in Energy, “light, sweet crude oil, defined as having an API gravity of 35 or higher and a sulfur content of 0.3% or less” accounted for “nearly 90% of the 3.1 ...

The crude oil price escalation and de-escalation formula for change in API gravity may result in payment of a higher price for a crude oil as a result of the increase in API gravity ...

On this specific illustrative graph, the light oil produced in some areas of the Eagle Ford is labeled as "condensate" and is shown for illustration as having API gravity in the low-50s.

Light oil is characterized by an API gravity of at least 22°, and extra-heavy oil has an API gravity of less than 10°.

The WTI crude has a gravity of between 38 and 44 degrees, and this API gravity is concentrated in the Midland and southern Delaware basins, according to RBN Energy.

Both API and EIA reports can influence crude oil prices, though the API is often used as a preliminary indicator. Read more here.

Low gravity (heavy oil), involves crude with a 20 API and lower, and are rich in sulfur. Medium gravity involves crude falling in the 21 API to 34 API range. High gravity (light oil) involves ...