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1. • • WTI is the underlying commodity of the New York Mercantile Exchange 's (NYMEX) oil futures contract.
     www.investopedia.com/terms/w/wti.asp

     West Texas Intermediate (WTI): Definition and Use As a Benchmark

2. www.investopedia.com › terms › wWest Texas Intermediate (WTI): Definition and Use As a Benchmark

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   May 4, 2024 · WTI is the underlying commodity of the New York Mercantile Exchange 's (NYMEX) oil futures contract. Key Takeaways. West Texas Intermediate (WTI), a light, sweet...

3. www.cmegroup.com › markets › energyCrude Oil Overview - CME Group

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   2 days ago · Trade NYMEX WTI Crude Oil futures (CL), the world’s most liquid crude oil contract. When traders need the current oil price, they check the WTI Crude Oil price. WTI (West Texas Intermediate, a US light sweet crude oil blend) futures provide direct crude oil exposure and are the most efficient way to trade oil after a sharp rise in US crude ...

4. Videos

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     Knowledge with Kenanga Futures | Quick Start to NYMEX WTI Crude Oil Futures

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     NYMEX WTI crude oil futures gain around 2%

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     This is NYMEX

     Dec 5, 2011

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5. en.wikipedia.org › wiki › West_Texas_IntermediateWest Texas Intermediate - Wikipedia

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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.

6. www.investopedia.com › ask › answersBrent Crude vs. West Texas Intermediate (WTI): The Differences

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   Aug 30, 2021 · West Texas Intermediate is the benchmark for the U.S. light oil market and is sourced from U.S. oil fields. Both Brent Crude and WTI are light and sweet, making them ideal for refining into...

7. www.spglobal.com › oil › 062218-wti-vs-wti-vs-wtiWTI vs. WTI vs. WTI | S&P Global Commodity Insights

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   Jun 22, 2018 · The difference between physical, NYMEX-spec WTI and the NYMEX contract is what's called the exchange-for-physical, or EFP, which on Wednesday was heard to have traded at 2 cents/b. Therefore, physical WTI that meets NYMEX specs is worth 2 cents/b more than plain-old NYMEX-suitable crude.

8. www.techopedia.com › west-texas-intermediate-wtiWhat is West Texas Intermediate (WTI)? - Techopedia

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   Aug 8, 2024 · The West Texas Intermediate meaning is a crude oil stream produced in areas such as Texas and Southern Oklahoma in the United States. It’s also used as a benchmark to monitor international oil price movements. The current price of West Texas Intermediate was $74.86 per barrel on August 8, 2024, according to MacroTrends.

9. People also ask

   What is Nymex WTI?

   • WTI is the go-to measure for the world oil price, with the U.S. producing and exporting record amounts of crude oil. Trade with other NYMEX oil contracts for significant savings and precise exposure. NYMEX WTI is closely connected to the spot market, reducing costs.

   Crude Oil Overview - CME Group

   www.cmegroup.com/markets/energy/crude-oil/light-sweet-crude.html

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   What is West Texas Intermediate (WTI)?

   • WTI is the underlying commodity of the New York Mercantile Exchange 's (NYMEX) oil futures contract. West Texas Intermediate (WTI), a light, sweet crude oil, is one of three global oil benchmarks. Sourced primarily in inland Texas, WTI is one of the world's highest-quality oils. WTI is the underlying commodity for the NYMEX's oil futures contract.

   West Texas Intermediate (WTI): Definition and Use As a Benchmark

   www.investopedia.com/terms/w/wti.asp

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   Should the NYMEX use WTI instead of light sweet crude?

   • That led the NYMEX at the time to tell the market it should refer to the contract as light sweet crude instead of WTI, though the three-letter acronym persists to this day.

   WTI vs. WTI vs. WTI | S&P Global Commodity Insights

   www.spglobal.com/commodityinsights/en/market-insights/blogs/oil/062218-wti-vs-wti-vs-wti

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   What's the difference between physical WTI and NYMEX-spec WTI?

   • The difference between physical, NYMEX-spec WTI and the NYMEX contract is what's called the exchange-for-physical, or EFP, which on Wednesday was heard to have traded at 2 cents/b. Therefore, physical WTI that meets NYMEX specs is worth 2 cents/b more than plain-old NYMEX-suitable crude.

   WTI vs. WTI vs. WTI | S&P Global Commodity Insights

   www.spglobal.com/commodityinsights/en/market-insights/blogs/oil/062218-wti-vs-wti-vs-wti

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   What is West Texas Intermediate (WTI) light sweet crude oil?

   • Gain direct exposure to the crude oil market using CME Group West Texas Intermediate (WTI) Light Sweet Crude Oil futures, the world’s most liquid oil contract. WTI Crude Oil futures and options are the most efficient way to trade the largest light, sweet crude oil blend.

   Crude Oil Overview - CME Group

   www.cmegroup.com/markets/energy/crude-oil/light-sweet-crude.html

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   What is WTI oil?

   • Sourced primarily in inland Texas, WTI is one of the world's highest-quality oils. WTI is the underlying commodity for the NYMEX's oil futures contract. WTI is often compared to Brent crude, which is the benchmark for two-thirds of the world's oil contracts.

   West Texas Intermediate (WTI): Definition and Use As a Benchmark

   www.investopedia.com/terms/w/wti.asp

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10. www.investopedia.com › articles › investingBenchmark Oils: Brent Crude, WTI, and Dubai - Investopedia

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    Jun 7, 2024 · For example, NYMEX WTI-Brent spread options on CME Globex experienced record trading volume from 2011 to 2013 after a glut in U.S. crude sent WTI prices in a tailspin relative to Brent. What Is...