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WTI-Brent Wider as Crude Falls Further

OIL

Crude extends loses with WTI falling faster than Brent

  • The WTI-Brent spread is widening again having closed in from -7.5$/bbl to -6$/bbl so far this month.
  • Time spreads are following the move lower with WTI 1-2 the lowest since mid April.
  • Brent OCT 22 down -2% at 97.57$/bbl
  • WTI SEP 22 down -2.6% at 91.87$/bbl
  • WTI-Brent down -0.24$/bbl at -6.34$/bbl
  • Brent OCT 22-NOV 22 down -0.14$/bbl at 1.16$/bbl
  • Brent DEC 22-DEC 23 down -0.49$/bbl at 7.91$/bbl
  • WTI SEP 22-OCT 22 down -0.2$/bbl at 0.61$/bbl
  • WTI DEC 22-DEC 23 down -0.8$/bbl at 7.74$/bbl

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