It is a benchmark delivered in Cushing, Oklahoma.
In benchmarks for crude oil and global pricing of crude oil, WTI probably prices about 50% of the global pricing of crude oil.> Brent being basically the other pricing benchmark. There's two> out there, Brent being a little of a mixture of three different> grades of crude oil; BF&O, Brent 40 and Ossenberg. They're> all produced in the North Sea.
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