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WTI-Brent Spread Resumes Widening

COMMODITIES
  • Having approached the widest spread of 2021 earlier in the week, markets had closed the gap between WTI and Brent over the past few sessions, but the trend has resumed ahead of the Friday NYMEX open.
  • Brent is outperforming modestly, with prices touching their best levels since early August. This opens gains toward next resistance at the $74.84 Jul 30 high and the bull trigger beyond at $75.20.
  • Precious metals markets are more muted, with gold and silver both in minor positive territory as the USD remains within the near-term downtrend. This keeps the first upside gold level at $1823.3, the Aug 30 high.
MNI London Bureau | +44 203-865-3809 | edward.hardy@marketnews.com
Energy BulletsCommodities
MNI London Bureau | +44 203-865-3809 | edward.hardy@marketnews.com
Energy BulletsCommodities

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