The Most Expensive Oil And Gasoline In The World

Whether or not you follow oil markets, you will likely have seen articles in the media lately claiming that the price of oil has fallen to $20, or that it could possibly fall to $10. The truth about the oil market, however, is far more complex than that. The number quoted in media headlines usually refers to one of two types of crude oil. Often it is the price of West Texas Intermediate (WTI), also known as Texas light sweet, a benchmark for light oil that is generally produced in the Permian Basin in Texas. It can also refer to Brent Crude, a…