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 waxcontent.
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.
A wide variety of benchmark crude oils worldwide are considered to be light.
Light crude oil is traded and its contract size is 1,000 barrels (160 m3).