West Texas Intermediate (WTI)

West Texas Intermediate (WTI) is a grade of crude oil primarily produced in Texas, used as a key benchmark for oil prices in North America. It is light (low density) and sweet (low sulfur), making it easier and cheaper to refine into gasoline and other products. WTI serves as a reference point for oil trading on financial markets, reflecting global supply and demand conditions. Its price influences economic decisions and energy markets, acting as a critical indicator of oil market health and trends.