Posts Tagged ‘WTI’
CME Group Live Interview
Crude Oil and Energy Update
When you hear the news reporters talk about the price of crude oil in the marketplace, they’re generally talking about WTI, which is West Texas Intermediate crude oil. It’s a very light, sweet crude oil and the highest grade that’s out there. Crude oil is based on and priced on the amount of sulfur that’s in the oil. It makes it easier or harder to refine base on the amount of sulfur. WTI being the lightest and sweetest, is the highest priced crude oil in the marketplace.
WTI is a benchmark delivered in Cushing, Oklahoma.
In benchmarks for crude oil and global pricing of crude oil, WTI probably prices about 50% of the global pricing of crude oil. Brent being basically the other pricing benchmark. There’s two out there, Brent being a little of a mixture of three different grades of crude oil; BF&O, Brent 40 and Ossenberg. They’re all produced in the North Sea.
Please visit INO TV FREE to stream live the rest of the complimentary article from Joseph Ria. You will also get exclusive access to three more video seminars and articles!
If you enjoyed this article, learn how to apply these techniques with stock market video training.
Get the news feed for up-to-date stock market videos here..
Join me on Twitter, Facebook
