Crude oil prices west texas intermediate wti - cushing oklahoma
As explained in previous lessons, crude oil is one of the energy commodities that are traded on the NYMEX. Its symbol is CL. We refer to this as West Texas Intermediate or WTI crude. It is low sulfur, and so, therefore, is given the nickname sweet crude. The NYMEX contract for crude oil was initiated in 1983. Benchmark Oils: Brent Crude, WTI, and Dubai Jan 04, 2020 · WTI refers to oil extracted from wells in the U.S. and sent via pipeline to Cushing, Oklahoma. The fact that supplies are land-locked is one of the drawbacks to West Texas crude as it’s