The quality of crude oil varies and based on specific gravity and viscosity, they are divided into light, medium, heavy and very heavy crude oil.

Global crude oil prices rose following a significant US withdrawal from stockpiles. According to Energy Press, the release of industrial data indicating a significant drawdown of oil reserves in the United States, the world’s largest fuel consumer, as well as the negative impact of the hurricane in the Gulf of Mexico on investors caused oil

Oil prices fell on Tuesday amid concerns over the possibility of further interest rate hikes in the US, which could affect fuel demand, as well as a tropical storm approaching the US Gulf Coast region. According to Energy Press, oil prices fell on Tuesday (September 7th) due to concerns about the possibility of a further