{"id":3666,"date":"2018-11-28T13:51:03","date_gmt":"2018-11-28T13:51:03","guid":{"rendered":"https:\/\/www.wasteyourtime.co\/?page_id=3666"},"modified":"2020-07-12T12:00:55","modified_gmt":"2020-07-12T11:00:55","slug":"wti","status":"publish","type":"page","link":"https:\/\/traders-paradise.com\/magazine\/trading-dictionary\/w\/wti\/","title":{"rendered":"WTI &#8211; West Texas Intermediate"},"content":{"rendered":"<h4><b>DEFINITION of WTI<\/b><\/h4>\n<p><span style=\"font-weight: 400;\">WTI stands for West Texas Intermediate (occasionally called Texas Light Sweet), an oil benchmark that is central to commodities trading. It is one of the three major oil benchmarks used in trading. The others are Brent crude and Dubai\/Oman.<\/span><\/p>\n<h4><b>WHAT IT IS IN ESSENCE<\/b><\/h4>\n<p><span style=\"font-weight: 400;\">West Texas Intermediate (WTI) is a trading classification of crude oil and one of the most commonly used benchmarks in oil prices.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">It is one of the most referenced benchmarks used in oil news reports on oil prices, along with the Brent price. That one comes from the North Sea.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">The oil is considered to be very light, with low sulfur content, considerably lighter and sweeter than Brent Crude, Dubai, or Oman.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">WTI only contains 0.24% sulfur and has an API gravity of approximately 39.6. The oil is primarily refined in the Gulf Coast and Midwest areas of the United States.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">This grade is described as light because of its relatively low density, and sweet because of its low sulfur content.<\/span><\/p>\n<h4><b>HOW TO USE<\/b><\/h4>\n<p><span style=\"font-weight: 400;\">WTI is also the underlying asset in the New York Mercantile Exchange oil futures contract.<\/span><\/p>\n<p>The main trading hub for crude oil is located in Cushing, Oklahoma. It is the delivery point for crude contracts. Also, it is the price settlement point for West Texas Intermediate on the New York Mercantile Exchange.<\/p>\n<p><span style=\"font-weight: 400;\">Light Sweet Crude Oil futures and options, in particular, West Texas Intermediate futures, are the most actively traded energy product in the world.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">West Texas Intermediate plays an important role in managing risk in the energy sector worldwide as it has high liquidity and a large number of customers.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">The investors can price these different types of oil on the world market. Currently, there are two major benchmarks for world oil prices, West Texas Intermediate (WTI for short) and Brent crude oil.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">WTI often trades at a premium, usually by just a few dollars a barrel.<\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>DEFINITION of WTI WTI stands for West Texas Intermediate (occasionally called Texas Light Sweet), an oil benchmark that is central to commodities trading. It is one of the three major oil benchmarks used in trading. The others are Brent crude and Dubai\/Oman. WHAT IT IS IN ESSENCE West Texas Intermediate (WTI) is a trading classification [&hellip;]<\/p>\n","protected":false},"author":4,"featured_media":7315,"parent":3054,"menu_order":0,"comment_status":"closed","ping_status":"closed","template":"","meta":{"content-type":"","_exactmetrics_skip_tracking":false,"_exactmetrics_sitenote_active":false,"_exactmetrics_sitenote_note":"","_exactmetrics_sitenote_category":0,"footnotes":""},"class_list":["post-3666","page","type-page","status-publish","has-post-thumbnail","hentry"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v25.1 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>WTI | Financial Dictionary | Traders Paradise<\/title>\n<meta name=\"description\" content=\"WTI West Texas Intermediate (occasionally called Texas Light Sweet), an oil benchmark that is central to commodities trading.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/traders-paradise.com\/magazine\/trading-dictionary\/w\/wti\/\" \/>\n<meta property=\"og:locale\" content=\"en_GB\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"WTI | Financial Dictionary | Traders Paradise\" \/>\n<meta property=\"og:description\" content=\"WTI West Texas Intermediate (occasionally called Texas Light Sweet), an oil benchmark that is central to commodities trading.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/traders-paradise.com\/magazine\/trading-dictionary\/w\/wti\/\" \/>\n<meta property=\"og:site_name\" content=\"Traders-Paradise\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/TradersParadisecom\" \/>\n<meta property=\"article:modified_time\" content=\"2020-07-12T11:00:55+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/traders-paradise.com\/magazine\/wp-content\/uploads\/2019\/04\/WTI-3.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"860\" \/>\n\t<meta property=\"og:image:height\" content=\"300\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:site\" content=\"@Traders_Paradis\" \/>\n<meta name=\"twitter:label1\" content=\"Estimated reading time\" \/>\n\t<meta name=\"twitter:data1\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/traders-paradise.com\/magazine\/trading-dictionary\/w\/wti\/\",\"url\":\"https:\/\/traders-paradise.com\/magazine\/trading-dictionary\/w\/wti\/\",\"name\":\"WTI | Financial Dictionary | Traders Paradise\",\"isPartOf\":{\"@id\":\"https:\/\/traders-paradise.com\/magazine\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/traders-paradise.com\/magazine\/trading-dictionary\/w\/wti\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/traders-paradise.com\/magazine\/trading-dictionary\/w\/wti\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/traders-paradise.com\/magazine\/wp-content\/uploads\/2019\/04\/WTI-3.jpg\",\"datePublished\":\"2018-11-28T13:51:03+00:00\",\"dateModified\":\"2020-07-12T11:00:55+00:00\",\"description\":\"WTI West Texas Intermediate (occasionally called Texas Light Sweet), an oil benchmark that is central to commodities trading.\",\"breadcrumb\":{\"@id\":\"https:\/\/traders-paradise.com\/magazine\/trading-dictionary\/w\/wti\/#breadcrumb\"},\"inLanguage\":\"en-GB\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/traders-paradise.com\/magazine\/trading-dictionary\/w\/wti\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-GB\",\"@id\":\"https:\/\/traders-paradise.com\/magazine\/trading-dictionary\/w\/wti\/#primaryimage\",\"url\":\"https:\/\/traders-paradise.com\/magazine\/wp-content\/uploads\/2019\/04\/WTI-3.jpg\",\"contentUrl\":\"https:\/\/traders-paradise.com\/magazine\/wp-content\/uploads\/2019\/04\/WTI-3.jpg\",\"width\":860,\"height\":300,\"caption\":\"WTI\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/traders-paradise.com\/magazine\/trading-dictionary\/w\/wti\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/traders-paradise.com\/magazine\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Trading Dictionary\",\"item\":\"https:\/\/traders-paradise.com\/magazine\/trading-dictionary\/\"},{\"@type\":\"ListItem\",\"position\":3,\"name\":\"W\",\"item\":\"https:\/\/traders-paradise.com\/magazine\/trading-dictionary\/w\/\"},{\"@type\":\"ListItem\",\"position\":4,\"name\":\"WTI &#8211; 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