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
- 2,660,339 all-time users
- 11 Amazing Examples of Disruptive Technology
- 17 Great Examples of Effective Leadership and Strategy
- What Is Social Marketing? And How Does It Work?
- British Entrepreneurs Top 100: From Richard Branson to J.K. Rowling, These Are the Most Influential Entrepreneurs in the UK
- 7 Wealth Habits of the World’s Richest People