Friday, September 09, 2011

WTI-Brent Spread Illustrated

Last week I discussed the increasing spread between the two types of oil known as WTI and Brent, the former being the most popularly quoted while the latter is the most important for the global economy. As you can see in the below chart from the Energy Information Administrations "This week in petroleum", the difference has been very small in the past, but is now very big.


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