Oil

Oil is widely considered to be one of the most profitable trading options. WTI (West Texas Intermediate), also referred to as Texas Light Sweet, is the crude oil grade used to determine oils’ pricing. The WTI contracts are usually sold at the New York Mercantile Exchange. Though WTI was traded at almost the value as OPEC basket and Brent, today it is traded at a much-discounted price compared to Brent Crude Oil.