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DIVERGING WTI AND BRENT PRICES

Diverging WTI and Brent Prices

Study Released July 14, 2011

Commodity Report - Crude Oil - June 2011

The difference between WTI and Brent oil prices has reached a new record level (see Figure 1). On June 13, 2011 the spread was at US$23.29/bbl (see Figure 2), the highest it has ever been in the last two decades. It has come down since, but it is still in the range of $20/bbl. This article will attempt to explain the reasons behind such a divergence...... Download full report.

June 2011