West Texas Intermediate (WTI) is a type of crude oil that is commonly used as a benchmark for oil prices. It is a high-quality, low-sulfur crude oil that is produced in the United States, primarily in Texas and Oklahoma.

WTI is one of the most actively traded crude oils in the world and is the underlying commodity for oil futures contracts traded on the New York Mercantile Exchange (NYMEX). The price of WTI is influenced by a variety of factors, including global supply and demand, geopolitical events, and economic indicators.

WTI is known for its relative consistency in quality and is used as a reference price for other crude oils. The price of WTI can have a significant impact on the global economy, as it affects the cost of fuel for transportation, heating, and other industries.

Overall, WTI is an important commodity that plays a crucial role in global energy markets and is closely watched by traders, investors, and policymakers around the world.

West Texas Intermediate (WTI) is a type of crude oil that serves as a benchmark for oil prices in the United States. It is extracted from the Permian Basin, which is located in western Texas and southeastern New Mexico. WTI is known for its light, sweet composition, making it desirable for refineries. The price of WTI is influenced by various factors, including global supply and demand, geopolitical events, and economic conditions. WTI is traded on the New York Mercantile Exchange (NYMEX) in futures contracts. The price of WTI is closely watched by oil producers, consumers, and investors around the world.