(EnergyAsia, July 12 2011, Tuesday) — After last week’s collapse, the Brent-WTI price spread has more than recovered to reach a record of more than US$22 a barrel this week. While Brent is the global benchmark for crude, WTI remains hostage to storage constraints in Cushing, Oklahoma and the weak US economy. That gap could…
MARKETS: Brent-WTI spread at record US$22 a barrel, Citi predicts rise to exceed US$40
Posted on July 12, 2011 by EnergyAsia