Trading in WTI Crude Oil (OIL)

West Texas Intermediate (WTI) crude oil is a light, sweet crude oil produced in Midland, West Texas, USA. Easy-Forex ® bases its contract on the US standard for Oil trading, namely the WTI. Also known as Texas Light Sweet, WTI is a type of crude oil used as a benchmark in oil pricing and the underlying commodity of the New York Mercantile Exchange's (NYMEX) oil futures contracts. The price of this contract is widely quoted across analyst reports as the benchmark for global oil prices.

Characteristics of WTI Crude Oil
WTI crude oil has:
• High quality grade
• Less than 5% sulfur content
• Faint sweet taste (which is why it's often called 'light sweet crude').
WTI crude oil also has a lower level of other impurities, as a result of which it is easier to refine. Moreover, it is easier to transport than heavy sour oil, which has a high wax content, high density and high viscosity. Due to its scarce availability, the demand for WTI crude oil is always likely to remain high. All these factors make WTI crude oil the world's most liquid oil commodity in an electronic marketplace.
Specifications for trading WTI Oil with Easy-Forex ®