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Brent Time Spreads Following the Futures Lower

OIL

The Brent Aug-Sep spread has fallen from about 2.55$/bbl to 2.28$/bbl this morning as Brent front month futures have fallen 1$/bbl. The front spread is now back at levels seen in the middle of May after peaking at 3.36$/bbl on 31st May.

  • Brent AUG 22 down -0.6% at 118.79$/bbl
  • WTI JUL 22 down -0.5% at 117.87$/bbl
  • Brent AUG 22-SEP 22 down -0.23$/bbl at 2.31$/bbl
  • Brent DEC 22-DEC 23 down -0.95$/bbl at 15.25$/bbl
  • WTI JUL 22-AUG 22 down -0.11$/bbl at 2.33$/bbl
  • WTI DEC 22-DEC 23 down -1.02$/bbl at 15.84$/bbl

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