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is West Texas Intermediate a type of oil. if not what is the underlying asset that...

is West Texas Intermediate a type of oil. if not what is the underlying asset that the WTI futures contract derives its value from.

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Answer #1

Solution :

West Texas Intermediate is a type of crude oil.

A futures contract, with West texas Intermediate crude oil as its underlying asset is, known as WTI Futures Contract.  

The underlying asset that the WTI futures contract derives its value is the West Taxes Intermediate crude oil that is sourced from Texas.

Salient Features of the WTI Futures :

Contract Size : The contract size of the WTI Futures contract is 1,000 barrels.

Settlement Type :The settlement type of the fiutures contract is physical delivery.

Trading Currency : The currency in which it is traded is United states dollars and cents.

Group : It is grouped under commodities futures contract.

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