When you linking your Twitter Account Market Wire News Trending Stocks news and your Portfolio Stocks News will automatically tweet from your Twitter account.
Be alerted of any news about your stocks and see what other stocks are trending.
USAI - The Prospects For Brent Vs. WTI And What The Spread Is Telling Us
American Energy Independence
Crude oil is the energy commodity that powers the world. The price of nearby crude oil rose to its high in 2020 in early January when brief hostilities between the US and Iran broke out in Iraq. The price of nearby NYMEX West Texas Intermediate futures rose to a high of $65.65 per barrel, and Brent futures reached $71.99.
The spread between the two benchmark grades of crude oil can be volatile. Since 2010, Brent has mostly traded at a premium to the WTI. However, over the past decades, WTI often was at a higher