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west texas intermediate [4587fc0d]

Tags: oil

  • typically "sweeter" than brent, used to trade at a ~$2 premium

    • spreads (as of April 2020), are as wide as ~$20 now
    • far sweeter than urals
  • from Permian Basin
  • Traded out of Cushing, OK
  • {IGPV} for function