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WTI

EXCHANGE RATE OF #WTI ON FOREX

#WTI is a brand of American oil - West Texas Intermediate. It is one of two brands (WTI and Brent) in the world market, affecting the setting of prices. The difference between WTI and Brent is in price, density and sulfur content. The price is set in USD. The cost is affected by information on the volume of oil production and world reserves, data on other varieties, political situation, changes in laws and much more. The WTI oil price is one of the most important indicators of events and trends throughout the world. The demand for the resource is directly dependent on the features of the world economics and speculation in the market. The volatility level is very high, respectively, the profit is high, but there is also a serious risk of losses. Not recommended for beginners.

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