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A benchmark crude or marker crude is a crude oil that serves as a reference price for buyers and sellers of crude oil. There are three primary benchmarks, West Texas Intermediate (WTI), Brent Blend , and Dubai Crude .
In mathematics, the lowest common denominator or least common denominator (abbreviated LCD) is the lowest common multiple of the denominators of a set of fractions. It simplifies adding, subtracting, and comparing fractions.
West Texas Intermediate (WTI) is a grade or mix of crude oil; the term is also used to refer to the spot price, the futures price, or assessed price for that oil. In colloquial usage, WTI usually refers to the WTI Crude Oil futures contract traded on the New York Mercantile Exchange (NYMEX).
Of these, is the only fraction in this sequence that gives more exact digits of π (i.e. 7) than the number of digits needed to approximate it (i.e. 6). The accuracy can be improved by using other fractions with larger numerators and denominators, but, for most such fractions, more digits are required in the approximation than correct ...
A handy chart of decimal-fraction equivalents, 0 to 1 by 64ths. Prints nicely as 11x17 in landscape orientation. Useful for machinists who work with inch-based measurements. Date: 24 October 2007: Source: Own work: Author: Three-quarter-ten
That left MSCI's world share index a fraction lower. U.S. share futures held steady. Investors were also digesting ratings agency Moody's unexpectedly downgrading France on Friday.
The clear cut definition of light and heavy crude varies because the classification is based more on practical grounds than theoretical. The New York Mercantile Exchange (NYMEX) defines light crude oil for domestic U.S. oil as having an API gravity between 37° API (840 kg/m 3) and 42° API (816 kg/m 3), while it defines light crude oil for non-U.S. oil as being between 32° API (865 kg/m 3 ...