Outlook of Brent-Dubai and WTI-Brent Spreads

While both WTI and Brent contracts moved within narrow ranges in European session, Brent crude has shown a softer tone in the short-term, probably reflecting heightening market worries over debt crisis in the European periphery. Weakness in Brent crude has helped narrowed the WTI-Brent spread and Brent-Dubai (Oman) spread modestly. We would like to see the outlooks of these 2 spreads in coming months.

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Outlook of Brent-Dubai and WTI-Brent Spreads