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Commodities Briefing - Categorized | Market Moves, Oil more

Shrinking oil price spreads shake up crude trade

Posted on 12 July 2013

After three long years spent apart, Brent and WTI are getting to know each other again. The difference in price between the North Sea and US oil benchmarks – crucial to how crude is traded globally – has shrunk to its narrowest since 2010.
The question for investors is whether this week’s fall in the so-called spread to below $2 a barrel means the prices of Brent and West Texas Intermediate will soon revert to parity. Much rides on the answer………………………………………..Full Article: Source


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