Thursday, July 18, 2013

Wow: This Is How One Knows The Surge In Price Of WTI Is Not Due To Geopolitical Events

Platts is tweeting:
At 1900 GMT, the Brent/WTI spread is down to about 40 cts. Brent's up about 10 cents, while WTI is up about $1.85.
See first article linked at this earlier post.

After several years of a wide spread between WTI and Brent, this is quite a picture, from Bloomberg:

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