In the context of oil pricing, what does the abbreviation WTI stand for?
Show answer
West Texas Intermediate
WTI is a 'sweet' and 'light' oil, meaning it has low sulfur content and is relatively easy to refine into gasoline.
Would you remember this in 6 months?
Trivia Forge uses spaced repetition so facts stick. Free, no signup needed.
Practice Economics questions →More Economics trivia
- In the context of the stock market, what animal represents a period of rising stock prices?
- In the context of the World Bank, what does the acronym 'IBRD' stand for?
- In the economic phrase 'laissez-faire', what is the literal English translation of the French word 'laissez'?
- In the four factors of production, what is the specific term for the income or financial return earned by the factor of labor?
- In the United States, what is the term for the interest rate at which depository institutions lend reserve balances to other depository institutions overnight?
- According to an often-cited but unofficial rule of thumb, how many consecutive quarters of declining real GDP indicate a recession?