Why the WTI Vs. Brent Crude Spread Is Shrinking

The spread between West Texas Intermediate (WTI) and Brent Crude oil has long been under the microscope for energy traders across the world. The past few years have seen this spread heavily favor Brent, as it has been trading at a premium to its western cousin for quite some time. But as 2013 unfolds, the spread has been steadily narrowing, much to the surprise of a number of analysts [for more crude oil news and analysis subscribe to our free newsletter ]. See the full story here → Related Posts: How Crude Oil Traders Manipulate The Market Backwardation Report: Cotton, Crude and Gasoline Face Falling Prices Backwardation Report: Energy And Grains Face Falling Curves Citi’s Energy Outlook For 2013 The World’s 5 Largest Oil Consumers