West Texas Intermediate (WTI) Crude Oil | Shaman Directory

West Texas Intermediate (WTI) crude oil, also known as West Texas Crude, is a type of crude oil used as a benchmark in oil pricing. It is a light crude oil with a low sulfur content, making it easier to refine into gasoline and other petroleum products. WTI is extracted from the Permian Basin in West Texas and is considered a high-quality oil due to its low viscosity and high API gravity. The price of WTI is widely followed and is often used as a reference point for oil prices globally. As of 2022, the WTI crude oil price has been heavily influenced by geopolitical events, such as the Russia-Ukraine conflict, and supply chain disruptions. With a Vibe score of 8, indicating high cultural energy, WTI continues to be a critical component of the global energy landscape, with major players like ExxonMobil, Chevron, and ConocoPhillips playing significant roles in its production and trade.