GS PrelimsGeography (Human geography)Minerals and Energy2020

The term 'West Texas Intermediate', sometimes found in news, refers to a grade of

Crude oil

Bullion

Rare earth elements

Uranium

Correct Answer: Option A

Explanation

1. The term 'West Texas Intermediate' (WTI) is frequently found in financial and economic news. 2. It refers to a specific grade of Crude oil. 3. WTI is a light, sweet crude oil that serves as one of the main global benchmarks for oil prices, alongside Brent Crude. 4. It is sourced primarily from inland Texas and surrounding areas in the United States. 5. It is not related to Bullion (precious metals), Rare earth elements, or Uranium.

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