Answer: Crude Oil Market
Notes: West Texas Intermediate (WTI), which is a particular grade of crude oil, is the underlying commodity of oil futures contract of the New York Mercantile Exchange (NYMEX). Brent Crude, Dubai Crude and WTI Crude are the three major benchmarks in the pricing of oils in the global market. It was recently seen in news, as for the first time in history, the price of the May futures contract of WTI crude fell to a negative price of -$37.63 per barrel. This was due to the low demand of oil amid the Covid-19 crisis.
