Weekly Fundamentals - WTI-Brent Spread Narrowed Markedly on Extreme Weather and Alleviation of Oversupplies at Cushing
thoulturfCrude oil prices gained last week with the front-month WTI contract rising +2.41% and the Brent contract up +1.31%. The WTI-Brent spread narrowed to a level not seen for at least 2 months as the former was supported by extreme weather in the US, the start of a Keystone pipeline, as well as a bullish IEA report.
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Weekly Fundamentals - WTI-Brent Spread Narrowed Markedly on Extreme Weather and Alleviation of Oversupplies at Cushing
