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Disclaimer: Ironclad Research provides educational content only. Nothing on this platform is financial advice, a recommendation, or an offer to buy or sell any security. Always do your own research and consider professional advice before making financial decisions.

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  3. WTI
GlossaryFutures

WTI

West Texas Intermediate — a benchmark grade of US light, sweet crude oil, and the underlying of the CL futures contract.

Appears in these guides

  • CL: Crude Oil FuturesFutures

Related terms

BackwardationCash SettlementContangoContract MultiplierFutures ContractHedgingInitial MarginLong PositionMaintenance MarginMark to Market

Related lessons

intermediateFutures

Futures Contract Specifications

Every futures contract is defined by a precise set of specifications — the underlying, contract size, tick size and value, expiry months and settlement type. Learn to read a contract's 'specs', why the multiplier and tick value determine your real exposure, and how mini and micro contracts scale risk to fit your account.

intermediateFutures

ES: E-mini S&P 500 Futures

The E-mini S&P 500 (ES) is the world's most heavily traded equity-index future — the benchmark instrument for gaining or hedging exposure to the US stock market around the clock. Learn what it tracks, its key specifications, why it's so widely used, and how it differs from an ETF like SPY.

Ironclad Research provides educational content only. Nothing on this platform is financial advice, a recommendation, or an offer to buy or sell any security. Always do your own research and consider professional advice before making financial decisions.