- WTI refers to a grade of crude oil produced in Texas and Southern Oklahoma, USA. It is a major benchmark for oil pricing, particularly in North America. Other common benchmarks include Brent Crude (for European and global markets) and Dubai/Oman (for Middle Eastern/Asian markets).
The term 'West Texas Intermediate', sometimes found in news, refers to a grade of
Asked in UPSC IAS 2020 · Topic: Current Account and Capital Account (Policy Measures to Manage Current Account and Capital Account Balances)
More External Sector of Economy questions
- India imports maximum gold from which country?
- Which commodity tops the current list of imported commodity of India?
- Which of the following accounts for the highest amount spent on Indian imports?
- Two largest items of import in India in recent years are :
- The most important item of Indian exports, in terms of value, during recent years has been:
- More than 50 percent of India’s import comes from:
- Which one of the following is the most valuable item in the agricultural export of India?
- The largest part of India's import (in value) goes to