Post Tagged with: "spread"

Brent/WTI Oil Price Spread at Five Month Low

Brent/WTI Oil Price Spread at Five Month Low

The price of West Texas Intermediate (WTI) closed at a discount of $3.09 to Brent on June 19, 2015. The gap is the lowest in five months, when the spread narrowed to $2.76 at the closing of January 21.

WTI …

June 19, 2015 - 7:00 pm Commodity Pricing, Oil and Gas 360 Articles
Chart of the Week: WTI/Brent Spread Widens

Chart of the Week: WTI/Brent Spread Widens

So it appears the “floor” for West Texas Intermediate prices (at the moment) is $40, as evidenced by a January Fed survey by CNBC. Prices are currently roughly $5 above the January 28 low of $44.45 – a climb …