What are WTI Futures?

A West Texas Intermediate Future is a standardized contract, traded on an exchange between a buyer and a seller. The buyer of the contract agrees to take delivery from the seller of a specified quantity of WTI Oil at a previously agreed upon price, with the delivery and payment both at a specified date in the future.

WTI futures are heavily traded in the U.S. and around the world and give WTI producers and consumers a way to protect themselves against the risk of price fluctuations in the WTI market.

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