M&C Energy Group Glossary |
Find here terms and their explanations commonly used in Energy Industry, Finance and Trading Boards
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| There are 5 entries in the glossary. |
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| Warrant | A document of title issued by a warehouse or depository for a specific lot of stored metal that meets the specifications of the corresponding Exchange metals futures contract. Metal that is "on warrant" is eligible for delivery against a short position on the Exchange. |
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| West Texas Intermediate | A grade of crude oil deliverable against the New York Mercantile Exchange light, sweet crude oil contract. Nominally, the benchmark crude of the U.S. oil industry. |
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| Wet Barrel | A physical barrel of crude oil or refined product as opposed to a "paper barrel." |
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| Wet Gas | Natural gas containing condensable hydrocarbons. |
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| Writer | The seller of an option. Also known as the grantor of the option. |
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Glossary V2.0 |
