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There is always a spread between WTI, Brent and other blends due to the relative volatility (high API gravity is more valuable), sweetness/sourness (low sulfur is more valuable) and transportation cost. This is the price that controls world oil market price.
Brent crude oil contract-for-difference (CFD) is a weekly spread or swap between the Dated Brent assessed price and the Second Month (or M2) Brent crude oil forward contract. They trade over a five-day work week in volumes of 100 or 100,000 lots and the most recent CFD rolls to the next-week CFD on Thursday.
Since the recession, there has been a noticeable pricing gap between West Texas Intermediate crude, a lighter grade of oil used as the benchmark for pricing in the U.S., and Brent crude, the ...
This so-called Brent-WTI spread is a crucial gauge of. Last week, the difference in price between Brent, the global oil benchmark, and West Texas Intermediate (WTI), the main U.S. benchmark ...
The ongoing decline in the spread between Brent and WTI crude prices during 2013 slashed the margins of leading oil refineries such as Valero Energy and Marathon Petroleum . Will the premium of ...
West Texas Intermediate (WTI) is a grade or mix of crude oil; the term is also used to refer to the spot price, the futures price, or assessed price for that oil. In colloquial usage, WTI usually refers to the WTI Crude Oil futures contract traded on the New York Mercantile Exchange (NYMEX).
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This price gap -- known as the Brent-WTI spread -- has fallen from $23 per barrel seen in early February to. Over the past few months, the price difference between the two most heavily traded ...