West Texas Intermediate between the two has once again increased to over $14, but was back down to $4 by the end of 2014. West Texas Intermediate West Texas Intermediate (WTI), also known as Texas light sweet, is a grade of crude oil used as a benchmark in oil pricing. This grade is described as Medium crude oil because of its relatively low density, and sweet because of its low sulfur content. It is the underlying commodity of New York Mercantile Exchange's oil futures contracts. The price of WTI is often referenced in news reports on oil prices, alongside the price of Brent
Value-form another time, in a much more interesting, intriguing and elaborate way, so that people would really grasp the significance of it—beginning from exactly the same starting point. That became "Das Kapital" (1867-1894), which is still being read and discussed today. Marx initially defines a product of human labour that has become a commodity (in German: "Kaufware", i.e., merchandise, ware for sale) as being simultaneously: The "form of value" (also a reference to phenomenology in the classical philosophical sense used by Hegel) then refers to the specific ways of relating through which "what a commodity is worth" happens to be socially