West Texas Intermediate - WTI
West Texas Intermediate - WTI
James Earnest
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Fri Jun 27, 2008 @ 01:05PM
Comments: 0
From Investopedia:
Light sweet crude oil, commonly referred to as "oil" in the Western world. WTI is the underlying commodity of the New York Mercantile Exchange's oil futures contracts.
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.
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