Brent was trading 2.20% up at $64.12. Oil prices fell more than 2% Wednesday to close down for the day and March as traders moved cautiously ahead of a decision on production quotas by OPEC+. New York-traded West Texas Intermediate, the benchmark for U.S. crude, settled down $1.39, or...
West Texas Intermediate oil: It describes a light-weight oil with relatively low sulfur. While it’d be produced in West Texas, the WTI designation are often designated to any crude which will meet the standards of being a light-weight sweet crude with the “light” aspect being defined as API 41...