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WTI-Brent spread rebounds from Low

OIL

WTI-Brent spread rebounding after falling from -3.9$/bbl to -5.44$/bbl over the last 2 days.

  • Brent crude is falling quicker than WTI as oil demand concerns have taken over from supply disruption to push prices lower.
  • Brent AUG 22 down -0.6% at 117.84$/bbl
  • WTI JUL 22 down -0.5% at 114.77$/bbl
  • WTI-Brent up 0.22$/bbl at -5.09$/bbl

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