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Economy2020
The term ‘West Texas Intermediate’, sometimes found in news, refers to a grade of

Explanation

West Texas Intermediate (WTI) is a specific grade of crude oil, primarily noted for its high quality and relatively low sulfur content, making it a desirable benchmark for oil pricing. As a significant reference in global oil markets, WTI serves as a standard for pricing other types of crude oil and is used to assess the economic health of oil-producing regions. Understanding WTI is essential for comprehending global energy dynamics, resource management, and international trade, vital themes in the UPSC Prelims GS Paper I syllabus.

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