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Crude Oil, West Texas (IMF) is the West Texas Intermediate 40° API from Midland, Texas, used as a key benchmark for US oil in the energy sector calculated by the IMF, serving as a price reference for the North American market. In 2026 prices ranged from 59.88 USD/bbl. to 100.90 USD/bbl. with an average of 79.17 USD/bbl. The index is based on WTI with Midland Texas delivery basis.