West Texas Intermediate

Business, Legal & Accounting Glossary

  1. Home
  2. Glossary
  3. Define: West Texas Intermediate

Definition: West Texas Intermediate

West Texas Intermediate

Quick Summary of West Texas Intermediate

a crude oil used as a pricing benchmark

Cite Term
Sources

Full Definition of West Texas Intermediate

West Texas Intermediate is a light (40 degrees API gravity) sweet blend of crude oil produced from fields in Western Texas. It is the main benchmark for U.S. crude oil prices and is a deliverable grade for NYMEX crude oil futures contracts. A crude with more than 0.5 per cent by weight of sulphur is a sour crude, with less than 0.5 per cent sulphur it is said to be sweet.

Cite Term

To help you cite our definitions in your bibliography, here is the proper citation layout for the three major formatting styles, with all of the relevant information filled in.

Page URL
https://payrollheaven.com/define/west-texas-intermediate/
Modern Language Association (MLA):
West Texas Intermediate. PayrollHeaven.com. Payroll & Accounting Heaven Ltd.
April 24, 2024 https://payrollheaven.com/define/west-texas-intermediate/.
Chicago Manual of Style (CMS):
West Texas Intermediate. PayrollHeaven.com. Payroll & Accounting Heaven Ltd.
https://payrollheaven.com/define/west-texas-intermediate/ (accessed: April 24, 2024).
American Psychological Association (APA):
West Texas Intermediate. PayrollHeaven.com. Retrieved April 24, 2024
, from PayrollHeaven.com website: https://payrollheaven.com/define/west-texas-intermediate/

Definition Sources

Definitions for West Texas Intermediate are sourced/syndicated and enhanced from:

  • A Dictionary of Economics (Oxford Quick Reference)
  • Oxford Dictionary Of Accounting
  • Oxford Dictionary Of Business & Management

This glossary post was last updated: 9th April, 2020 | 0 Views.