West Texas Intermediate (WTI) is a grade of crude oil that is produced in the United States, primarily in the Permian Basin of Texas. It is known for its high quality, characterized by low sulfur content and a relatively light density. WTI is a key benchmark for oil prices in North America and is traded on the New York Mercantile Exchange. WTI is often compared to other crude oil benchmarks, such as Brent Crude, which is sourced from the North Sea. The price of WTI is influenced by various factors, including supply and demand dynamics, geopolitical events, and changes in production levels.