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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.
Cushing is the delivery point for West Texas Intermediate, a blend of US light sweet crude oil streams [1] traded on the New York Mercantile Exchange [19]. Cushing's strategic position as a major hub in oil supply led to WTI's development as a significant physical market price reference or benchmark for over three decades.
Year to date, WTI is up more than 6%, while Brent crude has gained more than 5% during the same period. Ines Ferre is a senior business reporter for Yahoo Finance. Follow her on X at @ines_ferre .
Location; Country: United States: Location: Houston (Texas, USA): Coordinates: 1]: UN/LOCODE: USHOU [2]: Details; Operated by: Port of Houston Authority: Owned by: City of Houston: Type of harbour: Artificial / natural: Number of cargo container terminals: 2: Number of major general cargo terminals: 5: Statistics; Annual cargo tonnage: 212 million (2006) [3]: Annual container volume: 1.6 ...
West Texas Intermediate is used primarily in the U.S. It is light (API gravity) and sweet (low-sulfur) thus making it ideal for producing products like low-sulfur gasoline and low-sulfur diesel. Brent is not as light or as sweet as WTI but it is still a high-grade crude. The OPEC basket is slightly heavier and more sour than Brent.
Two large earthquakes that hit the Permian basin, the top U.S. oilfield, this week have rattled the Texas oil industry and put a fresh spotlight on the water disposal practices that can lead to ...
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 ...
Fox Photo Inc. was an American chain of photo stores, which sold cameras, photographic equipment and developed film. The Fox company started as a small photo studio by a man named Arthur C. Fox in San Antonio, Texas. Carl Newton, a Canadian, moved to San Antonio and purchased the studio at the end of 1909 for $700 (equivalent to $21,111 in 2021 ...