West Texas Intermediate Oil Price in Bitcoin

The West Texas Intermediate Price in Bitcoin function returns the value of a barrel of West Texas Intermediate oil in Bitcoin

The Math / Science

West Texas Intermediate (WTI) is a benchmark in oil pricing.  The markets fluctuate, the dollars per barrel are captured here hourly.  In a similar vein, the value of Bitcoin fluctuates.  This function captures both and gives the up to date equivalent value of WTI in US dollars ($) and Bitcoin.  

`BTCB = "USD"/"bbl WTI" * "BTC"/"USD" = ($71.64)/"1 Barrel WTI" * (฿0.00001149006626321214)/("$1.0")`

where:

• BTCB = Bitcoins per barrel of West Texas Intermediate Oil

Oil Value in Dollars, Gold and Bitcoin:

• West Texas Intermediate Dollars per Barrel: $71.64/bbl
• West Texas Intermediate Price per Barrel in Gold: 0.023 OZT
• West Texas Intermediate Price per Barrel in Bitcoin: ₿ 0.00082315
• Brent Crude Oil Dollars per Barrel: $74.83/bbl
• Brent Crude Oil per Barrel in Gold: 0.024 OZT
• Brent Crude Oil per Barrel in Bitcoin: ₿ 0.0008598