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In the U. market for oil, the price of West Texas Intermediate (WTI) crude oil can be considered the equilibrium price of crude oil in the United...
In the U.S. market for oil, the price of West Texas Intermediate (WTI) crude oil can be considered the equilibrium price of crude oil in the United States. The price of WTI will average $42.83 in 2016, while the price in 2017 will average