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The posted price for West Texas Intermediate (WTI) is $120/bbl and the price adjustment is $0.10/degree higher for WTI crude oil with an API gravity
The posted price for West Texas Intermediate (WTI) is $120/bbl and the price adjustment is $0.10/degree higher for WTI crude oil with an API gravity higher than 40, and $0.12/degree lower for WTI crude oil with an API gravity below 40. South Plain Oil Corp. sold its crude oil with an actual gravity of 30. The company sold its oil at the price of:
| A. | $118.8/bbl. | |
| B. | $119/bbl. | |
| C. | $120/bbl. | |
| D. | $121/bbl. |
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