West Texas Intermediate crude oil pricing

URI: https://gptkb.org/entity/West_Texas_Intermediate_crude_oil_pricing
GPTKB entity
Statements (32)
Predicate Object
gptkbp:instanceOf crude oil pricing benchmark
gptkbp:alsoKnownAs WTI pricing
gptkbp:APIGravity 39.6
gptkbp:contrastsWith Brent crude oil pricing
Dubai crude oil pricing
gptkbp:currency gptkb:US_dollar
gptkbp:deliveryLocation gptkb:Cushing,_Oklahoma
gptkbp:firstTraded 1983
https://www.w3.org/2000/01/rdf-schema#label West Texas Intermediate crude oil pricing
gptkbp:mainTradingVenue gptkb:New_York_Mercantile_Exchange
gptkb:CME_Group
gptkbp:priceDeterminedBy futures contracts
gptkbp:priceQuotedAs per barrel
gptkbp:priceRange OPEC decisions
geopolitical events
US inventory levels
US dollar strength
global oil supply and demand
transportation constraints at Cushing
gptkbp:priceVolatility high
gptkbp:regulates gptkb:Commodity_Futures_Trading_Commission
gptkbp:sulfurContent 0.24%
gptkbp:type light sweet crude
gptkbp:usedBy oil producers
financial traders
oil refiners
gptkbp:usedFor speculation
hedging
benchmark for oil pricing in North America
physical delivery contracts
gptkbp:bfsParent gptkb:Cushing,_Oklahoma_(WTI)
gptkbp:bfsLayer 8