West Texas Intermediate definition

West Texas Intermediate means the Product meeting the specifications set forth in Item 4.a.3. “West Texas Light Sweet” means the Product meeting the specifications set forth in Item 4.a.3.
West Texas Intermediate. WTI")” means a grade of crude oil used as a benchmark in oil pricing. This grade is described as light because of its relatively low density, and sweet because of its low sulfur content.
West Texas Intermediate or “WTI” means West Texas Intermediate grade crude oil at a reference sales point in Cushing, Oklahoma, a common benchmark for crude oil.

Examples of West Texas Intermediate in a sentence

  • The West Texas Intermediate - WTI - oil price (fob Cushing, Oklahoma) is a common benchmark for pricing North American oil.

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