XTIUSD (XTIUSD)

XTIUSD, or US WTI Crude Oil, is a commodity pair that indicates the price of West Texas Intermediate (WTI) crude oil in US Dollars.

WTI is a high-quality, light, and sweet crude oil predominantly used for refining into diesel, gasoline, and other valuable petroleum products. This instrument is vital for traders, as WTI is one of the key benchmarks for oil prices globally.

Additionally, the US Dollar, being the most traded currency worldwide, underscores the international significance of this commodity pair.

Trading XTIUSD allows market participants to speculate on the price movements of crude oil and manage related financial risks.