Chart highlights the differential between Brent and WTI

Key points from the above chart:

• WTI and Brent wide differential is a relatively recent development
• Differential widened starting in 2011
• Differential for February 5, 2013 was $116.52 – $96.65 = $19.87
• Price for Western Canadian Select (not shown) on February 5, 2012 was $66.74
• Brent versus WCS differential was $116.52 – $66.74 = $49.78
• WTI versus WCS differential was $96.65 – $66.74 = $29.91

Reference a recent chart analysis for the U.S. and Canadian energy sectors.

Relevant articles picked from the Web:

• Canadian crude discount shrinks further — FP — February 7, 2013
• Suncor writes off $1.5-billion as upgrader fortunes fade — Globe — February 6, 2013
• Investors Can Profit From Decline In WTI – Brent Spread — Seeling Alpha — January 13, 2013
• Crude discount seen continuing for Canadian producers — Globe — December 17, 2012

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