West Texas Intermediate (WTI)
Light, sweet crude oil commonly referred to as "oil" in the Western world. WTI is the underlying commodity of the New York Merchantile Exchange's oil futures contracts. Investopedia Says:
WTI is considered a "sweet" crude because it is about 0.24% sulfur, a higher concentration than North Sea Brent crude. WTI is high quality oil that is easily refined. Related Terms:
Barrels Of Oil Equivalent Per Day - BOE/D
Chicago Mercantile Exchange - CME
Commodity
Futures Contract
Futures Exchange
Hedge
New York Mercantile Exchange - NYMEX
North Sea Brent Crude
Posted Price |