Gap between Brent and WTI crude prices end of March
5
Ṁ1kṀ3.3kMar 31
1%
Brent lower than WTI
6%
Brent $0.01 to $4 higher than WTI
33%
Brent $4.01 to $8 higher than WTI
41%
Brent $8.01 to $15 higher than WTI
19%
Brent more than $15 higher than WTI
Oil prices in different markets have opened some gaps due to physical limitations on transport, government interventions, and other factors.
Currently, Brent oil is trading at around $89 per barrel, while WTI is a bit below $85 (yesterday, both closed within $0.35 of one another). How big will this gap be at the end of March?
Resolution source will be the closing price for March 31 at https://www.eia.gov/todayinenergy/prices.php
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