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It is used as a benchmark for pricing other types of crude oil, and the price of WTI crude o WTI is the short-hand for West Texas Intermediate crude oil.
Source: https://www.forexlive.com/technical-analysis/wti-crude-oil-future-settle-at-8162-20230123/
That being said, a decline in WTI crude futures may harm Kosmos Energy's share price.
The price of WTI crude futures are selling at $69.96.
Source: https://www.forexlive.com/technical-analysis/wti-crude-oil-futures-and-settle-at-6996-20230323/
We got the oil jump from the weekend and that is seeing WTI crude hold above $80 for now, in search of a higher breakout.
Source: https://www.forexlive.com/news/trade-ideas-thread-european-session-5-april-2023-20230405/
WTI crude oil has reversed back higher end trades back above the $80 level at $80.17.
Source: https://www.forexlive.com/news/us-major-indices-trading-little-changed-20230411/