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WTI-Brent Spread Widest Since August as Crude Falls

OIL

WTI falls faster than Brent as economic concerns and a strong dollar push crude to the lowest since Jan.

  • WTI-Brent front month spread is now wider than 7$/bbl and the lowest since August.
  • The longer dated time spreads are following the move lower with Dec22-Dec23 losing all of gains from earlier in the week. Prompt time spreads are holding steady.
    • Brent NOV 22 down -3.7% at 87.13$/bbl
    • WTI NOV 22 down -4.3% at 79.91$/bbl
    • WTI-Brent down -0.35$/bbl at -7.22$/bbl
    • Brent NOV 22-DEC 22 up 0.01$/bbl at 0.94$/bbl
    • Brent DEC 22-DEC 23 down -1.14$/bbl at 9.03$/bbl
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WTI falls faster than Brent as economic concerns and a strong dollar push crude to the lowest since Jan.

  • WTI-Brent front month spread is now wider than 7$/bbl and the lowest since August.
  • The longer dated time spreads are following the move lower with Dec22-Dec23 losing all of gains from earlier in the week. Prompt time spreads are holding steady.
    • Brent NOV 22 down -3.7% at 87.13$/bbl
    • WTI NOV 22 down -4.3% at 79.91$/bbl
    • WTI-Brent down -0.35$/bbl at -7.22$/bbl
    • Brent NOV 22-DEC 22 up 0.01$/bbl at 0.94$/bbl
    • Brent DEC 22-DEC 23 down -1.14$/bbl at 9.03$/bbl