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Home > WTI Crude Higher Than Brent Crude For First Time Since July 2013

WTI Crude Higher Than Brent Crude For First Time Since July 2013

By Tyler Durden
Created 01/13/2015 - 11:13
Tyler Durden's picture [1]
Submitted by Tyler Durden [1] on 01/13/2015 11:13 -0500



 

From almost $30 differentials in 2011, today's bounce in WTI has pushed the Brent-WTI spread negative for the first time since July 2013 briefly (and August 2010 consistently). This is, as the chart below shows, more 'old normal' as pre-QE the Brent-WTI spread oscillated in a very narrow range...

 

WTI's bounce has pushed it above Brent today...

[3]

 

For the first time since July 2013 and August 2010...

[4]

 

Charts: Bloomberg

 

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Source URL: http://www.zerohedge.com/news/2015-01-13/wti-crude-higher-brent-crude-first-time-july-2013

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[3] http://www.zerohedge.com/sites/default/files/images/user3303/imageroot/2015/01/20150113_WTIBrent2.jpg
[4] http://www.zerohedge.com/sites/default/files/images/user3303/imageroot/2015/01/20150113_WTIBrent1.jpg