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TERM OF THE DAY

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 less than 0.50% sulfur (normally about 0.24% to 0.34%), making it "sweet," and has a low density making it "light."

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Oil prices seesawed in early Monday trading after a drone strike in northern Jordan over the weekend added to supply disruption fears. Here are key chart levels to watch. Read more

What Is Crude Oil, and Why Is It Important to Investors?

Crude oil is a naturally occurring, unrefined petroleum product composed of hydrocarbon deposits and other organic materials. Read more

Delivery Point: What It Is, How It Works, Examples

The delivery point is the place specified in futures contracts where the physical asset is delivered and applies only to physical delivery contracts. Read more

Why the Cushing Storage Hub Matters to Oil

The crude oil hub in Oklahoma provides the physical delivery mechanism for the benchmark WTI futures contract. Read more

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