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What is WTI crude oil?

Al Overview

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WTI, or West Texas Intermediate, refers to a light, sweet crude oil benchmark used in the oil markets, particularly in the US, and is traded on the New York Mercantile Exchange (NYMEX). ®

Here's a more detailed explanation:

What it is:

WTI is a type of crude oil, a blend of several US domestic light sweet crude oils, which is drilled and processed in the US, and refined mainly in the Midwest and on the Gulf Coast.

Why it's important:

It's a key benchmark for oil pricing, particularly in the US, and its price is often reported alongside Brent crude, another major oil benchmark.

Characteristics:

WTI is considered "light" because of its low density 

"sweet" because of its low sulfur content, making it relatively easy to Refine.

Times Vary due to size and location of order.

Purchases, transfers, and transportation Done Through Licensed Company specializing in the buying, selling, and holding of Crude Oil.