Statement I is true. Petroleum is a complex mixture primarily composed of hydrocarbons, which vary in size, structure, and density. Statement II is also true. The physical and chemical properties, and thus the 'grade' (e.g., light/heavy crude, different viscosities), of petroleum depend heavily on the specific blend and relative proportions of the various hydrocarbons present. These proportions directly influence density, boiling point range, viscosity, etc., which define different petroleum grades. Statement II explains the significance of the composition mentioned in Statement I.