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Understanding West Texas Intermediate (WTI): Key Insights into the Global Oil Benchmark
West Texas Intermediate (WTI) is a term frequently encountered in the energy markets, especially in discussions about crude oil. It represents one of the most significant oil benchmarks globally, alongside Brent Crude and Dubai Crude. This article delves into the origins, characteristics, market relevance, and comparison of WTI with other major benchmarks, providing a comprehensive understanding of its role in the global oil industry. West Texas Intermediate, often abbreviated as WTI, is a grade of crude oil that originates from the United States. The name "West Texas" refers to the region where this oil is primarily ... (full story)