West Texas Intermediate


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West Texas Intermediate

A popular benchmark oil price. WTI is the underlying asset in the New York Mercantile Exchange's oil futures contract. This type of oil has a low sulphur content (sweet). The U.S. Department of Energy maintains historical data for this oil price. It is sometimes known as WTI - Cushing or WTI, Cushing, Oklahoma.
References in periodicals archive ?
Louisiana Light closed for $71.42 on Monday and West Texas Intermediate was $63.12, according to the U.S.
The European benchmark grade's premium to West Texas Intermediate was at $17.16.
The brief outage had no market impact on West Texas Intermediate cash crude prices in either the oil hub of Cushing, Oklahoma, or Midland, Texas, another delivery point of the crude, traders said.
BAGHDAD / Aswat al-Iraq: Iraq may change its crude oil pricing index from West Texas Intermediate (WTI) to Argus Sour Crude Index (ASCI) within the coming few months, the official spokesperson of the Iraqi Oil Ministry said on Sunday.
S&P Equity Research, using data from Global Insight, has raised its 2005 West Texas Intermediate (WTI) oil price forecast by $0.17 to $56.66 per barrel, 2006's by $2.46 to $58.46 and 2007's by $0.61 to $49.
En tanto, el crudo estadunidense West Texas Intermediate (WTI) para entregas en octubre, tambien a las 08:00 GMT, subia cuatro centavos de dolar (0.07 por ciento) y se cotizaba en 55.82 dolares por barril.
The price of the Brent Blend went down 5 cents to settle at USD 67.12 pb while the West Texas Intermediate also went up 30 cents to settle at USD 57.26 pb.
West Texas Intermediate crude futures ended Wednesday's session down 39 cents, or about 0.75 percent, at $52.62 per barrel.
The West Texas Intermediate for February delivery fell 1.08 U.S.
US West Texas Intermediate crude futures were $ 52.06 a barrel, up 2.38 cents, or 4.87 per cent, compared to the previous settlement, the first time that crude has exceeded $ 50 this year.
West Texas Intermediate fell from the highest closing price this month amid speculation crude inventories rose to the most since June in the US, the world's biggest oil consumer.
The May contract for West Texas Intermediate crude ended at

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