Web Trader MT5
West Texas Intermediate (WTI) is a major benchmark for crude oil prices, especially in North America. It refers to a high-quality light sweet crude oil, meaning it has low sulfur content and is easier to refine into products like gasoline and diesel.
In trading, WTI is widely used to track and speculate on oil prices through futures, CFDs, ETFs, and options. Its main pricing and delivery hub is Cushing, Oklahoma.
WTI prices are influenced by supply and demand, geopolitical tensions, U.S. shale production, inventory data, and economic growth expectations.
WTI is often compared with Brent Crude. While Brent is seen as the main global benchmark, WTI is the key U.S. benchmark. The price gap between them is known as the Brent-WTI spread.
Example:
If U.S. crude inventories fall unexpectedly, traders may expect tighter supply, which can push WTI prices higher.
In short, WTI is a core oil benchmark used by traders and investors to monitor and trade movements in the global energy market.
