WTI-Brent Spread Approaching Strength

Location: New York
Author: Daven Voorhies
Date: Wednesday, April 4, 2007
 

The most recent 30 days of the spread have been hard on traders.  After trading near parity and in a narrow range the spread collapsed with Brent going more than $2.00/bbl over WTI in March.  In early June 1998 the spread also traded in a similar narrow range and experienced a shock. Later in the month and into early July 1998 WTI gained over Brent.  

 

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