What is WTI Nymex?
West Texas Intermediate (WTI) can refer to a grade or a mix of crude oil, and/or the spot price, the futures price, or the assessed price for that oil; colloquially WTI usually refers to the price of the New York Mercantile Exchange (NYMEX) WTI Crude Oil futures contract or the contract itself.
Is Nymex the same as WTI?
WTI is the underlying commodity of the New York Mercantile Exchange’s (NYMEX) oil futures contract and is considered a high-quality oil that is easily refined.
What is West Texas Intermediate oil used for?
WTI is a light, sweet crude oil, which refers to its low density and low sulfur content, and is often used for conversion to gasoline and diesel fuel.
What is West Texas Intermediate oil price?
Current West Texas Intermediate Crude Oil (WTI) Prices
|Close Date||Price per 42-gallon Barrel||Within Threshold Percent Applied|
What is the difference between Brent and West Texas crude?
Lower than 0.5% sulphur content is considered sweet crude and higher than 0.5% is sour crude. Sweet crude is more suited to premium petroleum products. The crude classification normally ranges from Heavy Sour Crude to Light Sweet Crude. Brent Crude is sour and heavier while WTI crude is sweeter and lighter.
What is WTI future?
The ICE West Texas Intermediate (WTI) Light Sweet Crude Oil Futures Contract offers participants the opportunity to trade one of the world’s most liquid oil commodities in an electronic marketplace.
What’s the current price of West Texas Intermediate oil?
Current West Texas Intermediate Crude Oil (WTI) Prices Close Date Price per 42-gallon Barrel Published Consecutive Days Toward Higher 07/09/21 $74.56 27 07/08/21 $72.94 26 07/07/21 $72.20 25 07/06/21 $73.37 24
What’s the price of a barrel of oil in Nymex?
Friday, June 4, 2021: NYMEX West Texas Intermediate Crude Oil Price for Ju ly delivery closed up $ 0.81 at $ 69.62 per barrel. If prices appear to be out of date refresh or reload your browser. Try the F5 key.
How often are calendar strips executed on the NYMEX?
Additionally, trading can be executed at an average differential to the previous day’s settlement prices for periods of two to 30 consecutive months in a single transaction. These calendar strips are executed during open outcry trading hours.