What does WTI stand for?

WTI: World Technology Ingredients. Computing » Technology. Rate it: WTI: Work Time Initiative. ...

What is West Texas Intermediate (WTI)?

West Texas Intermediate, more generally represented by the initials WTI, is also sometimes called Texas Light Sweet by certain brokers. It is actually a type of crude oil used by the economists as a standard value to determine the crude oil price as a commodity on the exchange markets, within the framework of futures contracts.

What is West Texas Intermediate crude price?

The price of West Texas Intermediate (WTI) crude oil is expected to reach an average of 101.17 U.S. dollars per barrel in 2022, according to a March 2022 forecast. Weekly crude oil prices have been surging to highs not seen since 2008 as the Russia-Ukraine war has had severe implications for the trading of numerous commodities from oil to wheat.

Why are oil prices so high and will they stay that way?

Why Are Oil Prices So High and Will They Stay That Way? Geopolitical tensions and a growing disparity between supply and demand have driven up prices. Here is what that means and what could happen next.