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)

Relevant articles picked from the Web:

______________________________

Note: Click on HOME for updated postings. This technical analysis is for educational purposes so you can learn to trade online using candlestick charts and other technical indicators including volume, moving averages and oscillators. Please conduct your own chart analysis or consult your financial advisor before making investment decisions. The author of this article may hold long or short positions in the featured stock or index.

© 2013 TradeOnline.ca

Leave a Reply

Your email address will not be published.