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APR 24, 2013 - Bespoke Investment Group

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Brent - WTI Spread Drops to a 52-Week Low

While gold has been hogging the headlines of the commodity space in recent weeks, there has been some notable moves within the oil space over the last several weeks as well.  That move has concerned the collapse in the spread between Brent crude oil (global benchmark price) and WTI (US benchmark price).  It was only a little more than two months ago that a barrel of Brent crude oil was $23 more than a barrel of WTI.  Today, the spread between the two dropped to $10.50, which is the lowest level since January 2012.  Historically (before the last three years), WTI crude oil ... Read More

Tags: Brent - WTI Spread Drops to a 52-Week Low,  Gold Latest News