The data shows the price of West Texas Intermediate (WTI) crude oil from July 2017 to July 2018. WTI is also known as "Texas light sweet", and is a grade of crude oil often used as a benchmark for oil pricing. In July 2018, the price for one barrel of West Texas Intermediate crude oil stood at some 70.98 USD.
Price of West Texas Intermediate crude oil, monthly
WTI is also known as "Texas light sweet" and is a grade of crude oil. This crude oil has an API gravity of around 39.6 and specific gravity of about 0.827, which, relative to other crude oils is considered “light,” hence the name.
