This article provides an overview of energy commodities, focusing on their critical role in powering the global economy. It explores the production, consumption, and classification of crude oil, with emphasis on key benchmarks like WTI and Brent, and highlights the diverse applications of petroleum across transportation, industry, and energy sectors. The text also addresses the evolving energy market, including the integration of U.S. crude into global trade and the growing importance of renewable energy commodities.
