Glossary Term

West Texas Intermediate

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Like Brent Crude, West Texas Intermediate is a type of crude oil that is used by the entire oil market as a benchmark. Also known as Texas light sweet, its graded as light due to its relatively low density and sweet due to its low sulphur content. Unlike Brent crude, which originates from a collection of North Sea oil fields off the coast of the United Kingdom, WTI crude oil is refined mostly in the Gulf Coast and Midwest regions of the United States. Its lightness and sweetness make it a premium crude oil (it is lighter than Brent Crude) because heavier (high density) oils are harder to refine.

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What is West Texas Intermediate? A Traders Expert explanation

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