West Texas Intermediate

West Texas Intermediate (WTI) is a grade or mix of crude oil used as a benchmark in oil pricing. It is characterized as light and sweet due to its low density and low sulfur content, making it a preferred grade for refineries. The spot and futures prices of WTI are widely used as a reference point for oil prices, often alongside the price of Brent crude. WTI is not sourced from a specific oil field, but rather is a blend of crude oils traded and delivered at Cushing, Oklahoma, and is used as a global benchmark price for crude oil.learn more on wikipedia