Entity: WTI
WTI, short for West Texas Intermediate, refers to a grade of crude oil and a key benchmark in oil pricing. It is known for its high quality and is one of the main global benchmarks alongside Brent and Dubai Crude.
WTI
Etymology
The term WTI stands for West Texas Intermediate.
Definition
WTI is a grade of crude oil originating in Texas, known for its high quality and low density. It is a key benchmark in the global oil market, alongside Brent and Dubai Crude.
Historical Context
WTI has been a significant player in the oil market for decades, influencing pricing and trading decisions worldwide.
Cultural Significance
WTI plays a crucial role in commodities trading and is closely monitored by investors, analysts, and governments.
Related Concepts
WTI is often compared and contrasted with other major oil benchmarks such as Brent Crude and Dubai Crude.
See Also
WTI is a term commonly used to refer to West Texas Intermediate, a type of high-quality North American crude oil that serves as a major benchmark in the oil market.