Brent crude rallied in the US session amid concerns that ongoing protests in Libya would pose serious disruption in oil production in the country. The front-month Brent contract jumped to as high as 106.98. Although the WTI crude oil price also climbed, the magnitude was limited, resulting in the widening of WTI-Brent spread to above US$ 13/bbl.
Continued here:
WTI-Brent Spread Widened as Libya Tensions Worsen. BOE Pushed Forward Rate Hike Outlook
Leave a Reply
You must be logged in to post a comment.