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

1. A. Crude oil
2. B. Bullion
3. C. Rare earth elements
4. D. Uranium

Answer: A

Explanation

West Texas Intermediate (WTI) crude oil is a specific grade of crude oil and one of the main three benchmarks in oil pricing, along with Brent and Dubai Crude. WTI is known as a light sweet oil because it contains 0.24% sulfur and has a low density, making it “light.” Hence option (a) is the correct answer.