I know what fungible means. WTI is always higher than OPEC price basket.fun·gi·ble
[ˈfənjəbəl]
ADJECTIVE
law
- (of goods contracted for without an individual specimen being specified) able to replace or be replaced by another identical item; mutually interchangeable:
"it is by no means the world's only fungible commodity" · "money is fungible—money that is raised for one purpose can easily be used for another"
.