West Texas Intermediate Crude Oil

West Texas Intermediate Crude Oil

A blend of light, sweet crude oil drilled in the Midwestern United States and the Gulf of Mexico. It is the underlying commodity for oil futures and other derivatives traded on the New York Mercantile Exchange. West Texas Intermediate is stored and shipped from Cushing, Oklahoma. It is considered a major benchmark for the global price of oil.
References in periodicals archive ?
The price of West Texas Intermediate crude oil, the American benchmark, fell more than 6.5 percent on the news.
The average price for West Texas Intermediate crude oil at the New
February gross production tax payments reflect oil-field activity in December, when West Texas Intermediate crude oil at Cushing averaged $49.52 per barrel.
The West Texas Intermediate crude oil price recorded a 40 percent year-on-year increase in September.
The average price for West Texas Intermediate crude oil at the New York Mercantile Exchange (NYMEX) reached US$67.27 per barrel, down by $2.23 compared with the previous month's trading.
The price for West Texas Intermediate crude oil has stabilized in the range of $65-$70 per barrel since May.
During Q1, NYMEX West Texas Intermediate Crude oil index price averaged $62.87 per barrel, and Oasis expects to realize between $61.15 and $61.25 per barrel of oil, without derivative settlements.
The average price for West Texas Intermediate crude oil at the New York Mercantile Exchange (NYMEX) amounted to USD (62.04) per barrel, down by USD (1.58) compared with January 2018.
Carrizo has also agreed to pay an additional USD 50m per year if the average daily closing spot West Texas Intermediate crude oil price as measured by the US Energy Information Administration is above USD 50/Bbl for any of the calendar years of 2018, 2019, 2020, and 2021, with such payments due on January 29, 2019, January 28, 2020, January 28, 2021, and January 28, 2022, respectively.
Panic spread when, after hitting a high of $147.27 on July 11, 2008, the price of a barrel of West Texas Intermediate crude oil tumbled below $27 in February 2016.
The new issue is the ProShares K-1 Free Crude Oil Strategy ETF (Bats: OILK), which seeks to provide total return by providing exposure to the West Texas Intermediate crude oil futures market in an actively managed ETF.
West Texas Intermediate crude oil, which hit a 13-year low on Feb.
Full browser ?