Brent-WTI spread suggests Brent may play catch
Updated
WTI has out performed Brent for two weeks. The incentive is for Brent to lead the oil complex this week.
The chart suggests it could go either way with as good a case to be made for staying with WTI.
The chart suggests it could go either way with as good a case to be made for staying with WTI.
Note
God export performance of WTI is putting pressure on Brent and the light sweet African blends like Bonny. The WTI-brent spread suggests we may be back at parity soon.
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