The grade, known as West Texas light (WTL), covers Midland delivered crude with a higher oil gravity (API) between 44.1 and 49.9. At the time of the announcement, Argus reported that WTL was trading at a $1.40 to $2.00 discount to West Texas intermediate (WTI) Midland, a slightly heavier grade. U.S. West Texas Intermediate (WTI) crude in Midland traded in positive territory for the first time in more than a month on Monday on expectations a new pipeline from the nearby Permian basin will WTI Light has a gravity of 45-50 API, lighter than the typical 38-42 API of WTI Midland, the mainstay sweet benchmark. The sales began after the construction of enough tanks in the region to

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An interest rate rule for monetary policy of the type proposed by Taylor (1993) serves to about the Federal Reserve's inflation target from data on observable   inflation and output coefficients in the Federal Reserve and Bundesbank reaction that the target for the short-term nominal interest rate is achieved within the 

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