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WTI is West Texas Intermediate oil. It describes a light oil with relatively low sulfur. While it might be produced in West Texas, the WTI designation can be designated to any crude that can meet ...
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 .
When you read or listen to the news about the oil market, you meet two mysterious words: Brent and WTI (West Texas Intermediate). Maybe you already know that they are the two major oil benchmarks.
Brent crude oil contract-for-difference (CFD) is a weekly spread or swap between the Dated Brent assessed price and the Second Month (or M2) Brent crude oil forward contract. They trade over a five-day work week in volumes of 100 or 100,000 lots and the most recent CFD rolls to the next-week CFD on Thursday.
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).
WTI crude oil futures settled at their lowest level since January 25 on Tuesday as energy prices continue to moderate.
The next week oil jumped 4 percent with Brent finishing at $82.62 and WTI at $78.54, with high demand forecasts a big reason, despite lower confidence in the U.S. economy by consumers. [60] On June 20, Brent reached $85.89, highest since May 1 after U.S. crude inventories fell and a U.S. jobs report made cutting interest rates more likely. [61]
The direction of the April WTI crude oil market into the close on Thursday is likely to be determined by trader reaction to the pivot at $89.01. WTI Crude Oil Price Action Suggests Investor Indecision