Free Trial

WTI-Brent Spread Recovers from Earlier Losses

OIL

Oil prices ease back but still higher on the day. After reaching a low of -8.80$/bbl this morning the WTI-Brent spreads has recovered as outright Brent moves have steadied.

  • A slight pick up in financial markets and weaker dollar have provided some support with the ongoing balance between future demand growth and supply concerns.
  • Brent SEP 22 up 0.9% at 104.14$/bbl
  • WTI SEP 22 up 1.1% at 95.77$/bbl
  • WTI-Brent up 0.16$/bbl at -8.4$/bbl
  • Brent SEP 22-OCT 22 up 0.18$/bbl at 5$/bbl
  • Brent DEC 22-DEC 23 up 0.1$/bbl at 9.33$/bbl

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.