WTI index refers to the United States West Texas Intermediate crude oil futures price index, referred to as WTI. Its price is calculated in USD/barrel. WTI index is one of the most popular crude oil indexes in the global oil market, and it is also one of the important benchmarks of international oil prices. Its price fluctuation usually has a great influence on the international market.

What are the influencing factors of WTI index?

The price of WTI index is not only related to the supply and demand of crude oil, but also related to the international political situation, natural disasters, economic environment and other factors. When the international situation and economic environment are stable, the price of WTI index is usually relatively stable; When political instability and natural disasters occur, it may bring short-term price fluctuations.

What impact does WTI index have on economy?

The increase of WTI index price will directly improve the income and profit level of oil enterprises, and also make certain economic contributions to the major oil-producing countries in the upstream of related industrial chains. At the same time, the price increase of WTI index will also bring about an increase in energy costs, which may have a certain impact on industries with high energy consumption. In a word, WTI index, as an important crude oil index in the world, has certain significance to the global energy market and economy.