21) West Texas Intermediate (WTI) Flashcards
1
Q
What is it ?
A
It is a grade of crude oil used as a benchmark in oil pricing (Also called Texas light sweet)
2
Q
Why is it called Light and sweet ?
A
Low density and low sulphur content
3
Q
What are the other important grades or oil markers ?
A
Brent crude, Dubai crude, Oman crude etc
