The price differential between Brent and WTI crude oil provides clues when it comes to predicting the path of least resistance of the price of the energy commodity.
Brent crude oil is the benchmark for two-thirds of the world's petroleum, including oil coming from Europe, Africa, and the Middle East. WTI crude oil comes from North America and is a pricing mechanism for around one-third of the world's oil. Producers and consumers around the globe monitor the prices of both reference prices.
WTI crude oil is a sweeter crude oil when compared to Brent which