iBank Focus: Widening of WTI-Brent Spread

15 October 2013 15 October 2013

sincerity

WTI-Brent spread widened again in recent weeks as crude oil demand at Cushing dropped. The spread closed at –US$ 8.63/bbl last Friday, the lowest level in 4 months. The spread is expected to narrow in the fourth quarter but then widened again next year.