Oil could peak to $100 if Saudi Arabia commits to more cuts

Oil prices firm up on Monday as traders brace for any comments from the Saudi Arabian minister of energy and oil that could further put pressure on th

WTI Oil is a type of Crude Oil sold on international markets. The WTI stands for West Texas Intermediate, one of three major types including Brent and Dubai Crude. WTI is also referred to as “light” and “sweet” because of its relatively low gravity and sulfur content respectively. It is considered a high quality Oil that is easily refined. It is sourced in the United States and distributed via the Cushing hub, which is considered “The Pipeline Crossroads of the World”.

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