The term 'West Texas Intermediate', sometimes found in news, refers to a grade of

The term 'West Texas Intermediate', sometimes found in news, refers to a grade of
  1. Crude oil
  2. Bullion
  3. Rare earth elements
  4. Uranium

Solution

WTI is a benchmark grade of light, sweet crude oil traded on NYMEX, alongside Brent and Dubai. Answer: (a).

Asked in: UPSC Prelims 2020

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