LIGHT CRUDE OIL
Light crude oil is liquid petroleum that has a low density and flows freely at room temperature.  It has a low viscosity, low specific gravity and high API gravity due to the presence of a high proportion of light hydrocarbon fractions.  It generally has a low wax content. Light crude oil receives a higher price than heavy crude oil on commodity markets because it produces a higher percentage of gasoline and diesel fuel when converted into products by an oil refinery.