West Texas Intermediate

Synonyms: WTI

West Texas Intermediate, “WTI” sometimes also known as Texas light sweet, is a method of grading crude oil which is used by global markets as a benchmark for setting oil prices.

WTI is described by experts as “light” because it has a comparatively low density, and it is known as “sweet” thanks to a relatively low sulphur content as opposed to other varieties.

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