#WTI price today: WTI price bearish at European opening
West Texas Intermediate (WTI) Oil price falls on Tuesday, early in the European session. WTI trades at $65.73 per barrel, down from Monday’s close at $65.83.
Brent Oil Exchange Rate (Brent crude) is also shedding ground, trading at $68.42 after its previous daily close at $68.50.
What is WTI Oil?#FutureTarding #CPIWatch
WTI Oil is a type of Crude Oil sold on international markets. The WTI stands for West Texas Intermediate, one of three major types including Brent and Dubai Crude. WTI is also referred to as “light” and “sweet” because of its relatively low gravity and sulfur content respectively. It is considered a high quality Oil that is easily refined. It is sourced in the United States and distributed via the Cushing hub, which is considered “The Pipeline Crossroads of the World”. It is a benchmark for the Oil market and WTI price is frequently quoted in the media.#BTCWhaleTracker