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Crude Falls but Spreads Stable


Crude oil futures fall and now below yesterday’s close despite stronger than expected US payrolls and average hourly earnings data.

  • Crude time spreads are still up on the day while the WTI spread to Brent has widened slightly losing gains made yesterday.
  • Brent OCT 22 down -0.4% at 93.72$/bbl
  • WTI SEP 22 down -0.6% at 88.05$/bbl
  • WTI-Brent down -0.14$/bbl at -6.66$/bbl
  • Brent OCT 22-NOV 22 up 0.11$/bbl at 1.73$/bbl
  • Brent DEC 22-DEC 23 up 0.01$/bbl at 7.13$/bbl
  • WTI SEP 22-OCT 22 up 0.01$/bbl at 0.99$/bbl
  • WTI DEC 22-DEC 23 up 0.01$/bbl at 7.4$/bbl

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