West Texas Intermediate (WTI) is a mix of several types of crude oil that are mined and processed in U.S. It is commonly used in gasoline refining. In the trading world, WTI is mainly a benchmark for the US oil market.
Brent crude is a blend of oil (Brent, Fortis, Oseberg and Ekofisk) drilled from below the North Sea. It is usually refined into diesel and gasoline. In terms of trading, Brent is one of the benchmarks for oil in the wider market, such as the Middle East, Europe and Africa.
| WTI | Brent | |
|---|---|---|
| Extraction location | North America | North Sea |
| Geopolitical | Not as sensitive to geopolitics | Sensitive to geopolitics |
| Composition | 0.24% Sulfur and 39.6 API | 0.37% Sulfur and 38 API |
| Trading exchange | NYMEX | ICE |
| Prices and benchmark | Trades at a discount to Brent | Trades at a premium to WTI |
| Name | Product |
|---|---|
| US WTI Crude Oil Futures Contract (CFD) | USOIL.MMMYY |
| UK BRENT Crude Oil Futures Contract (CFD) | UKOIL.MMMYY |
| US Natural Gas Futures Contract (CFD) | NGAS.MMMYY |
ATFX provides traders with a maximum leverage of 1: 100 to trade spot and futures crude oil.
ATFX is fully licensed with 4 global industry regulators, your funds are well-protected and safe when trading with us.
Our clients enjoy the best possible trading experience and capitalise on every market opportunity with ultra-fast order execution and accurate order fills by ATFX.
The multi-functionality of the MT4 app gives you the flexibility to trade from anywhere in the world and on your preferred devices.
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