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| West Texas Intermediate (West Texas Intermediate (WTI), also known as Texas light sweet, is a grade of crude oil used as a benchmark in oil pricing. WK. Last week, when Opec nixed the idea of cutting its targeted production level of 30m barrels a day, the decision roiled the global crude oil markets. The news sent prices down 10% for the three main oil prices: US benchmark, West Texas Intermediate, and the Brent global benchmark. TG Alexander Demidov) | |||