Brent WTI Spread:
Brent WPI Spread is the difference in Brent Crude OIl Spot Price and WTI Crude Oil Spot Price. Brent Oil comes from the North Sea and is the major pricing benchmark for Atlantic basin oil. WTI comes from Texas and is the major pricing benchmark for oil from the Americas. While Brent and WTI price generally track one another, divergences often reflect technical, supply/demand or geopolitical issues. In 2015, a surge in production in US shale oil led to constrained pipeline capacity which limited the ability to move the oil to the coast for export. This case causing a fall in WTI price relative to Brent and thus a surge in Brent WTI Spread.
Brent WTI Spread is at a current level of 3.55, a decrease of 0.62 or 14.87% from the previous market day. This is a decrease of 0.66 or 15.68% from last year and is higher than the long term average of 1.136.
- Category: Energy
- Region: N/A
- Report: Weekly Petroleum Status
- Source: Energy Information Administration
Chart
Historical Data
| Data for this Date Range | |
|---|---|
| Aug. 19, 2019 | 3.55 |
| Aug. 16, 2019 | 4.17 |
| Aug. 15, 2019 | 2.86 |
| Aug. 14, 2019 | 2.70 |
| Aug. 13, 2019 | 2.85 |
| Aug. 12, 2019 | 2.15 |
| Aug. 9, 2019 | 2.96 |
| Aug. 8, 2019 | 3.69 |
| Aug. 7, 2019 | 3.89 |
| Aug. 6, 2019 | 5.03 |
| Aug. 5, 2019 | 4.69 |
| Aug. 2, 2019 | 5.45 |
| Aug. 1, 2019 | 9.26 |
| July 31, 2019 | 5.54 |
| July 30, 2019 | 4.51 |
| July 29, 2019 | 5.44 |
| July 26, 2019 | 6.42 |
| July 25, 2019 | 7.59 |
| July 24, 2019 | 7.93 |
| July 23, 2019 | 5.70 |
| July 22, 2019 | 6.09 |
| July 19, 2019 | 5.62 |
| July 18, 2019 | 5.62 |
| July 17, 2019 | 7.17 |
| July 16, 2019 | 8.43 |
| July 15, 2019 | 7.56 |
| July 12, 2019 | 6.66 |
| July 11, 2019 | 7.71 |
| July 10, 2019 | 6.13 |
| July 9, 2019 | 6.73 |
| July 8, 2019 | 7.54 |
| July 3, 2019 | 6.47 |
| July 2, 2019 | 6.72 |
| July 1, 2019 | 6.19 |
| June 28, 2019 | 9.32 |
| June 27, 2019 | 7.60 |
| June 26, 2019 | 7.68 |
| June 25, 2019 | 8.61 |
| June 24, 2019 | 7.43 |
| June 21, 2019 | 8.64 |
| June 20, 2019 | 8.56 |
| June 19, 2019 | 9.11 |
| June 18, 2019 | 9.49 |
| June 17, 2019 | 10.62 |
| June 14, 2019 | 10.66 |
| June 13, 2019 | 10.90 |
| June 12, 2019 | 10.53 |
| June 11, 2019 | 10.26 |
| June 10, 2019 | 10.98 |
| June 7, 2019 | 10.15 |
There is no data for the selected date range.
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Stats
| Last Value | 3.55 |
| Latest Period | Aug 19 2019 |
| Last Updated | Aug 21 2019, 10:34 EDT |
| Next Release | |
| Average Growth Rate | -3.33K% |
| Value from 1 Year Ago | 4.21 |
| Change from 1 Year Ago | -15.68% |
| Frequency | Market Daily |
| Unit | USD per Barrel |
| Adjustment | N/A |
Formula: Brent Crude Oil Spot Price - WTI Crude Oil Spot Price
Related Indicators
| Australia Coal Price | 72.08 USD/mt |
| Average Crude Oil Spot Price | 61.48 USD/bbl |
| Brent Crude Oil Spot Price | 59.79 USD/bbl |
| Henry Hub Natural Gas Spot Price | 2.26 USD/MMBtu |
| US Crude Oil Field Production | 12.30M bbl/d |
| US Gulf Coast Kerosene-Type Jet Fuel Spot Price | 1.803 USD/gal |
| US Oil Consumption | 20.46M bbl/d |
| US Oil Rig Count | 754.00 |
| US Residential Propane Price | 2.397 USD/gal |
| US Retail Diesel Price | 2.994 USD/gal |
| US Retail Gas Price | 2.684 USD/gal |
| WTI Crude Oil Spot Price | 56.24 USD/bbl |
| World Crude Oil Production | 81.97M bbl/d |
| World Oil Rig Count | 833.00 |
Excel Add-In Codes
- Indicator Code: I:BWTIS
- Indicator Name: =YCI("I:BWTIS","name")
- Data Point Example: =YCP("I:BWTIS")
- Data Series Example: =YCS("I:BWTIS",,-4)
To find the codes for any of our financial metrics, see our Complete Reference of Metric Codes.
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