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WTI (West Texas Intermediate)

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Description

A grade of crude oil used as a benchmark in oil pricing.

WTI, or West Texas Intermediate, is a specific grade of crude oil that serves as one of the main benchmarks for oil pricing in North America. Known for its low sulfur content, making it a “light, sweet” crude, WTI prices are closely watched by traders, influencing energy markets globally, particularly in the US where it’s a primary oil grade.

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