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

(a) Crude oil
(b) Bullion
(c) Rare earth elements
(d) Uranium



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West Texas Intermediate' (WTI) is a grade of crude oil. It refers to a specific type of light, sweet crude oil that is produced in the United States, specifically in the Permian Basin of West Texas. WTI is a widely used benchmark for oil pricing and is traded on commodity exchanges.


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