UPSC Previous Year Question | Prelims GS | 2020

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

Answer

Correct Answer

Crude oil

Explanation

West Texas Intermediate (WTI) is a light, sweet grade of crude oil and one of the major global oil price benchmarks, along with Brent and Dubai/Oman.

Topics: economy, energy markets, infrastructure & energy, west texas intermediate (wti) - crude oil benchmark