West Texas Intermediate Crude Oil | WTI refers to the price of the New York Mercantile Exchange (NYMEX) WTI Crude Oil futures contract or the contract itself. 1 OIL = 1 Barrel of Texas Light Sweet Crude Oil (WTI) | Please take sufficient time to read the Client Agreement as well as any other additional documentation and information available to you via our Website prior to opening an account and/or carrying out any activity with us. You should contact us for any further clarification, or seek independent professional advice, if necessary.