West Texas Intermediate 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 crude from the North Sea. Other important oil markers include the Dubai Crude, Oman Crude, Urals oil and the OPEC Reference
Commodity pathway diversion of object pathways is necessary for Gawa men to control circulation and, in turn, shell value. According to Munn, "kula shells may arrive on path, or are obtained from partners or non-partners in off-path transactions and later put on a path or used to make new paths.", suggesting that diversion is an integral part of the commodity pathway because it is a means of "making new paths." In "The Cultural Biography of Things: Commoditization as a Process", Igor Kopytoff argues that, while commodities are often thought of in Marxian terms as things which are produced and then exist, in fact,