WTI-Brent spread narrows to $7.76

Chart is the ratio of WTI/Brent
Weekly chart showing the ratio of WTI/Brent.  It has narrowed significantly since the beginning of March as the glut in Cushing, Oklahoma continues to decline.

WTI/Brent Weekly Chart

Prices as of May 8, 2013

  • Differential Brent versus WTI for May 8, 2013 was $104.34 – $96.58 = $7.76
  • Price for Western Canadian Select on May 8, 2012 = $74.68
  • Brent versus WCS differential was $104.34 – $74.68 = $29.66
  • WTI versus WCS differential was $96.58 – $74.68 = $21.90

Prices as of February 5, 2013

  • Differential Brent versus WTI for February 5, 2013 was $116.52 – $96.65 = $19.87
  • Price for Western Canadian Select on February 5, 2012 = $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 the last chart analysis for West Texas Intermediate Crude (WTIC)

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