Free Trial

Brent Spreads Ease Back as Futures Drift Lower

OIL

Crude time spreads follow the flat price futures easing back from the OPEC driven rally last week.

  • Brent Dec22-Dec23 reached the highest since mid June at 13.64$/bbl on Friday and the prompt 1-2 spread was the highest since August at 2.06$/bbl.
    • Brent DEC 22 down -0.5% at 97.44$/bbl
    • WTI NOV 22 down -0.3% at 92.35$/bbl
    • WTI-Brent up 0.11$/bbl at -6.36$/bbl
    • Brent DEC 22-JAN 23 down -0.16$/bbl at 1.87$/bbl
    • Brent JAN 23-FEB 23 down -0.11$/bbl at 1.86$/bbl
    • Brent DEC 22-DEC 23 down -0.57$/bbl at 12.96$/bbl

Source: Bloomberg

To read the full story

Close

Why MNI

MNI is the leading provider

of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.

Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.