When I talk about oil on the podcast I’m talking about WTI (West Texas Intermediate) I simply quote WTI so you have an understanding of why your energy stocks or ETFs go up or down YOU ARE NOT TO READ THIS AND THINK I WANT YOU TO BUY WTI IT IS A COMMODITY AND NOT SOMETHING FOR ANY IF YOU TO EVEN TRU TO BUT! However many of you are still confused and have been emailing and wondering what is the difference between WTI crude and Brent Crude Therefore for those who want to know this is for you and again this is just to educate you not for you to purchase 🤦‍♀️ Remember my job is to educate inspire and empower you So let this education begin There are several differences between WTI (West Texas Intermediate) and Brent crude oil: Location - WTI is primarily produced and used in the United States, while Brent crude oil is extracted from the North Sea and is more commonly used in Europe, the Middle East, and Africa. Composition - WTI is generally lighter and sweeter (lower sulfur content) compared to Brent crude oil, making it better suited for gasoline refining. Benchmark Status - Brent crude oil is considered the global benchmark for oil pricing, as about two-thirds of the world's oil is priced off Brent crude oil futures. WTI, on the other hand, is mainly a benchmark for the U.S. oil market which is why I use it. Geopolitical Factors - Political and economic factors in the respective regions can impact the prices and supply of WTI and Brent crude oil differently. Trading Locations - WTI is traded primarily on the New York Mercantile Exchange (NYMEX), while Brent crude oil is traded on the Intercontinental Exchange (ICE) in London. As WTI goes up so do your energy stocks - And visa versa So now you know why PXD DVN CHV FANG are going up for now Now you know

Posted by Suze at 2024-04-08 14:13:38 UTC