Advertisement
Home » Vocabulary » West Texas Intermediate
Thing

West Texas Intermediate

West Texas Intermediate (WTI), also known as Texas light sweet, is a grade of crude oil used as a benchmark in oil pricing. This grade is described as light because of its relatively low density, and sweet because of its low sulfur content. It is the underlying commodity of Chicago Mercantile Exchange’s oil futures contracts. The price of WTI is often referenced in news reports on oil prices, alongside the price of Brent crude from the North Sea.

WELCOME TO RICHTOPIA

FREE MEMBERSHIP

Get special new reports and never miss an update again ...

  • 1,926,834 all-time users

WHAT IS RICHTOPIA?

Advertisement
As Seen On Forbes
Advertisement