Commodity market may include interest rates, environmental instruments, swaps, or freight contracts. Source: International Trade Centre Energy commodities include crude oil particularly West Texas Intermediate (WTI) crude oil and Brent crude oil, natural gas, heating oil, ethanol and purified terephthalic acid. Hedging is a common practice for these commodities. For many years, West Texas Intermediate (WTI) crude oil, a light, sweet crude oil, was the world’s most-traded commodity. WTI is a grade used as a benchmark in oil pricing. It is the underlying commodity of Chicago Mercantile Exchange's oil futures contracts. WTI is often referenced in news reports on oil prices, alongside
Miss Texas USA pageant Miss Texas USA The Miss Texas USA competition is the pageant that selects the representative for the state Texas in the Miss USA pageant, and the name of the title held by that winner. The current titleholder is Alayah Benavidez of San Antonio. Nine Miss Texas USA titleholders have won the Miss USA title and one, Chelsi Smith, has been crowned Miss Universe. In the 1980s Texas won the Miss USA title five consecutive years from 1985 to 1989, a streak known as the "Texas Aces". Prior to this no state had ever won the Miss USA pageant more