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WTI-Brent Widens on Economic Concerns


Brent rallies more than WTI as tight supply supports prices, and the market waits for the US Feb Chair speech at Jackson Hole.

  • WTI-Brent spread is now the widest since Aug 3 on the back of concerns for the US economy and tighter supply in Europe.
  • Brent prompt time spreads are also extending gains while WTI moves are more muted.
    • Brent OCT 22 up 1.6% at 100.88$/bbl
    • WTI OCT 22 up 1.2% at 93.65$/bbl
    • WTI-Brent down -0.44$/bbl at -7.26$/bbl
    • Brent OCT 22-NOV 22 up 0.24$/bbl at 1.12$/bbl
    • Brent DEC 22-DEC 23 up 0.35$/bbl at 10.43$/bbl
    • WTI OCT 22-NOV 22 up 0.05$/bbl at 0.38$/bbl
    • WTI DEC 22-DEC 23 up 0.28$/bbl at 10.09$/bbl

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