What does WTI mean? What is the full form of WTI?
The Full Form of WTI is West Texas Intermediate.
West Texas Intermediate (WTI) crude oil is a specific grade of crude oil and one of the main three benchmarks in oil pricing, along with Brent and Dubai Crude. WTI is known as a light sweet oil because it contains 0.24% sulfur, making it “sweet,” and has a low density, making it “light.” It is the underlying commodity of the New York Mercantile Exchange’s (NYMEX) oil futures contract and is considered a high-quality oil that is easily refined.
KEY TAKEAWAYS
- West Texas Intermediate (WTI) is a crude oil that serves as one of the main global oil benchmarks.
- It is sourced primarily from Texas and is one of the highest quality oils in the world, which is easy to refine.
- WTI is the underlying commodity for the NYMEX’s oil futures contract.
- WTI is often compared to Brent crude, which is the oil benchmark for two-thirds of the world’s oil contracts.
WTI
means
West Texas Intermediate
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