Crude Oil WTI (West Texas Intermediate) Futures are a type of financial contract that allows investors to buy or sell crude oil at a specified price and date in the future. WTI crude oil is a type of light, sweet crude oil that is widely traded around the world, and is a benchmark for oil prices in the United States. WTI futures contracts are traded on commodity exchanges, and the price of the futures contract is determined by a variety of factors, including supply and demand dynamics, global economic conditions, and geopolitical events. As a commodity, crude oil is used in a wide range of industries, including transportation, manufacturing, and energy production. Crude Oil WTI Futures are an important indicator for investors and traders looking to gauge the health of the global economy, as well as for those seeking to profit from fluctuations in the oil market.
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