Weekly Fundamentals - WTI-Brent Spread Narrowed to 7-Month Low
SondraHunterThe front-month contract for WTI crude oil soared +2.57% last week, the biggest rise so far this year. Fed’s downplay of rate hike sentiment and the EIA’s upgrade of crude oil price forecasts supported prices. The WTI-Brent spread narrowed as expectations that Libya would resume production capped the gains in Brent crude prices.
Go here to see the original:
Weekly Fundamentals - WTI-Brent Spread Narrowed to 7-Month Low
