WTI Crude
WTI Crude, or West Texas Intermediate Crude Oil, is a light, sweet crude oil that serves as a major price benchmark for U.S. crude and is traded on the New York Mercantile Exchange (NYMEX). It is delivered at Cushing, Oklahoma, and quoted in dollars per barrel.
Example: Traders monitor the WTI Crude price to gauge the cost of U.S.-produced crude, with quotes published in dollars per barrel on exchanges such as NYMEX.
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