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Matthew Nuncio
Matthew Nuncio
(512) 350-0071nuncio@teamprice.com
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Central Texas Multiple Listing Service

Central Texas MLS | Four Rivers Association of REALTORS® All information deemed reliable but not guaranteed. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) or information provider(s) shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. Listing(s) information is provided for consumer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The data relating to real estate for sale on this website comes in part from the Internet Data Exchange program of the Multiple Listing Service. Real estate listings held by brokerage firms other than Matthew Nuncio may be marked with the Internet Data Exchange logo and detailed information about those properties will include the name of the listing broker(s) when required by the MLS. Copyright ©2022 All rights reserved.

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The information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Based on information from the Austin Board of REALTORS®. Neither the Board nor ACTRIS guarantees or is in any way responsible for its accuracy. All data is provided "AS IS" and with all faults. Data maintained by the Board or ACTRIS may not reflect all real estate activity in the market.

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Crude Oil Prices WTI

West Texas Intermediate (WTI) is a grade of crude oil that serves as one of the primary benchmarks for oil prices globally. WTI crude oil is produced in the United States, primarily in Texas, and is known for its relatively low density and low sulfur content, making it a light, sweet crude oil. These properties make WTI crude oil easier to refine and more desirable for producing gasoline, diesel fuel, and other high-demand products.

Crude oil prices for WTI are determined by a variety of factors, including supply and demand dynamics, geopolitical events, weather-related disruptions, production levels, inventories, and market sentiment. The price of WTI crude oil is often quoted in U.S. dollars per barrel.

WTI crude oil prices are important for several reasons:

Economic indicator: Fluctuations in oil prices can impact the global economy, affecting consumer spending, business investments, and inflation rates. Rising oil prices may lead to higher production costs and increased transportation expenses, which can contribute to inflationary pressures. Conversely, lower oil prices can stimulate economic growth by reducing production and transportation costs.

Energy sector valuation: The price of WTI crude oil is a crucial factor in determining the value of oil and gas companies. Higher oil prices can lead to increased profitability for these companies, while lower prices can reduce their revenue and profit margins.

Policy decisions: Oil prices can influence the decisions of governments and central banks regarding fiscal and monetary policies. For example, rising oil prices may prompt central banks to raise interest rates to combat inflation, while falling prices may encourage governments to stimulate economic growth through fiscal measures.