WTI oil has an American Petroleum Institute gravity of 39.6 degrees, considered “light.” WTI also has a sulfur content of just 0.24%, making it very “sweet.” WTI crude oil is typically the benchmark for U.S. oil prices in the trading world.

Oil prices steadied on Wednesday after trading higher as industry data showed a bigger-than-expected draw in U.S. crude stockpiles, with gains capped by economic headwinds from China and the euro zone.

Gold for August delivery fell $5.50 to $2,333.40 per ounce. Silver for September delivery rose 5 cents to $29.66 per ounce, and September copper was unchanged at $4.42 per pound. The dollar fell to 161.50 yen from 161.51 Japanese yen. The euro rose to $1.0742 from $1.0730.