West Texas Intermediate and London Brent are grades of what?
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
London Borough of Brent London Borough of Brent The London Borough of Brent () is a London borough in north west London, and forms part of Outer London. The major areas are Wembley, Kilburn, Willesden, Harlesden and Neasden. It borders the boroughs of Harrow to the northwest, Barnet to the northeast, Camden to the east, Westminster to the southeast, and Kensington and Chelsea, Hammersmith and Fulham, and Ealing to the south. Most of the eastern border is formed by the Roman road Watling Street, which is now the modern A5. Brent has a mixture of residential, industrial and commercial land. Brent is home to