UPSC Prelims 2020 · Question 83 of 100
UPSC Prelims 2020 question on West Texas Intermediate
- ExamUPSC CSE
- Year2020
- PaperGeneral Studies Paper I
- SubjectInternational Relations
- TopicCurrent Affairs
- DifficultyEasy
- TypeDirect
The term 'West Texas Intermediate', sometimes found in news, refers to a grade of
Show answer
Answer: A. Crude oil
West Texas Intermediate (WTI) crude oil is a specific grade of crude oil and one of the main three benchmarks in oil pricing, along with Brent and Dubai Crude.
WTI is known as a light sweet oil because it contains 0.24% sulfur and has a low density, making it 'light.' WTI is the benchmark for oil prices in the United States and is often used in financial reporting.
Hence option (a) — Crude oil — is the correct answer.
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