West Texas Intermediate

grade of crude oil used as a benchmark in oil pricing

4members1here now

Ask Genius Site

West Texas Intermediate

grade of crude oil used as a benchmark in oil pricing

4members1here now

Ask Genius Site

Comments

Ask Genius by OpenServe:

Free account · your comment posts right after signup

About West Texas Intermediate

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). The WTI oil grade is also known as Texas light sweet. Oil produced from any location can be considered WTI if the oil meets the required qualifications. Spot and futures prices of WTI are used as a benchmark in oil pricing. This grade is described as light crude oil because of its low density and sweet because of its low sulfur content.

4

members

1

here now

Coverage spread L35 / C42 / R23

Everything about West Texas Intermediate →

Top members

Live room · 1 here

Be the first in the room — members see you arrive.

Join the room