1. What It Is:
WTI is a light, sweet crude oil sourced primarily from oil fields in Texas and surrounding U.S. regions. It is one of the world’s most important benchmark crude oils for pricing and trading.
2. Key Characteristics:
- API Gravity: ~39.6° (light crude)
- Sulfur Content: ~0.24% (sweet crude)
- Color: Light amber
- Quality: High-quality crude, yields more gasoline and diesel
3. Market Role:
- Benchmark for U.S. crude oil pricing
- Traded on NYMEX (New York Mercantile Exchange) under the CL symbol
- Prices quoted in USD per barrel
- Compared closely with Brent crude, another global benchmark
4. Uses:
- Refined into gasoline, diesel, jet fuel, heating oil
- Preferred by U.S. refineries for its high yield of light products
- Also exported globally due to U.S. production surplus
5. Storage & Delivery:
- Primary delivery point: Cushing, Oklahoma, a major oil hub
- Stored in tank farms and pipelines
- Futures contracts specify physical delivery at Cushing
6. Economic Importance:
- Indicator of global oil market trends
- Sensitive to U.S. economic, geopolitical, and inventory data
QUANTITY:
1- GLOBAL GROUP LLP
Origin: Kazakhstan
FOB Quantity: 300,000 BBL - 4,000,000 BBL (LIFTABLE) PER MONTH
CIF Quantity: 500,000 BBL - 10,000,000 BBL PER MONTH
