Financial Glossary
Oil (WTI)
Oil price in dollars per barrel. When it rises, gasoline and transport get more expensive.
Explanation
West Texas Intermediate. Proxy for economic growth. WTI > $90 signals high demand (or supply constraint).
Technical detail
Oil shock feature detects abrupt changes > 20% in 30 days. Upward shocks trigger caution in the model.
See also
Educational content. Not investment advice. Past results do not guarantee future returns.