386Product Description:
WTI (West Texas Intermediate) and Brent are two major benchmarks for crude oil prices. WTI is a light, sweet crude oil produced in the United States, particularly Texas and North Dakota, that serves as the benchmark for the North American market. Brent is a light, sweet crude blend from North Sea oil fields, which is a benchmark for Europe, Africa, and the Middle East, and underpins two-thirds of the worlds traded oil. Both are ideal for refining into products like gasoline and diesel fuel.
