Weekly Fundamentals - WTI- Brent Spread Narrowed on Divergent Movements of Two Benchmarks

WTI and Brent crude moved in different direction last week with the former for April delivery adding +1.60% while the latter slipped -1.29% during the week. This has further narrowed the WTI-Brent spread to $16.7/bbl, the lowest level since mid-January, and the 1Q13 average to $19/bbl.

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Weekly Fundamentals - WTI- Brent Spread Narrowed on Divergent Movements of Two Benchmarks