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  2. West Texas Intermediate - Wikipedia

    en.wikipedia.org/wiki/West_Texas_Intermediate

    West Texas Intermediate (WTI) is a grade or mix of crude oil; the term is also used to refer to the spot price, the futures price, or assessed price for that oil. In colloquial usage, WTI usually refers to the WTI Crude Oil futures contract traded on the New York Mercantile Exchange (NYMEX). The WTI oil grade is also known as Texas light sweet.

  3. Brent Crude - Wikipedia

    en.wikipedia.org/wiki/Brent_Crude

    Oil platform in the North Sea. Brent Crude may refer to any or all of the components of the Brent Complex, a physically and financially traded oil market based around the North Sea of Northwest Europe; colloquially, Brent Crude usually refers to the price of the ICE (Intercontinental Exchange) Brent Crude Oil futures contract or the contract itself.

  4. List of traded commodities - Wikipedia

    en.wikipedia.org/wiki/List_of_traded_commodities

    The following is a list of futures contracts on physically traded commodities. ... Live Cattle: 40,000 lb (20 tons) ... WTI Crude Oil: NYMEX, ICE: 1000 bbl (42,000 U ...

  5. Oil falls nearly 5% as demand worries, inventory builds send ...

    www.aol.com/finance/oil-falls-5-demand-worries...

    Brent crude oil, the international benchmark price, fell by 4.63% to close at $77.42 per barrel. Over the last month, WTI crude oil is down more than 16% while the price of Brent crude is off more ...

  6. Benchmark (crude oil) - Wikipedia

    en.wikipedia.org/wiki/Benchmark_(crude_oil)

    Benchmark (crude oil) A benchmark crude or marker crude is a crude oil that serves as a reference price for buyers and sellers of crude oil. There are three primary benchmarks, West Texas Intermediate (WTI), Brent Blend, and Dubai Crude. Other well-known blends include the OPEC Reference Basket used by OPEC, Tapis Crude which is traded in ...

  7. Price of oil - Wikipedia

    en.wikipedia.org/wiki/Price_of_oil

    Oil traders, Houston, 2009 Nominal price of oil from 1861 to 2020 from Our World in Data. The price of oil, or the oil price, generally refers to the spot price of a barrel (159 litres) of benchmark crude oil—a reference price for buyers and sellers of crude oil such as West Texas Intermediate (WTI), Brent Crude, Dubai Crude, OPEC Reference Basket, Tapis crude, Bonny Light, Urals oil ...

  8. Commodity tick - Wikipedia

    en.wikipedia.org/wiki/Commodity_tick

    Futures exchanges establish a minimum amount that the price of a commodity can fluctuate upward or downward. ... E-mini Crude Oil: 500 Barrels: $0.025: $12.50

  9. 2020–2022 world oil market chronology - Wikipedia

    en.wikipedia.org/wiki/2020–2022_world_oil...

    After Saudi Arabia promised further production cuts, WTI reached $51.28 on January 7 and Brent climbed as high as $54.90, the highest since before COVID-19. [36] On January 14, a weaker dollar and an expected COVID-19 relief package helped oil move slightly higher, with WTI at $53.57 and Brent at $56.42, though Europe was experiencing more lockdowns and China had a higher number of COVID-19 ...