Brent-WTI gap closes, brieflyAnalysts look for Brent to gain on WTI as Gulf Coast is hit with glut of crude; will WB rail transport hold edge over pipelines? Mike Ellerd For Petroleum News Bakken
The spot price differential between Brent crude and West Texas Intermediate, commonly known as the Brent-WTI spread, has been shrinking in recent months, and on Friday, July 19, the WTI price hit parity with the Brent price, pushing the Brent-WTI spread to its lowest level since October 2010. At the....
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