Level Chart

Basic Info

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 caused 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 4.02, down from 4.31 the previous market day and down from 6.48 one year ago. This is a change of -6.73% from the previous market day and -37.96% from one year ago.

Stats

Last Value 4.02
Latest Period Mar 01 2021
Last Updated Mar 3 2021, 10:35 EST
Next Release
Average Growth Rate -3.33K%
Value from 1 Year Ago 6.48
Change from 1 Year Ago -37.96%
Frequency Market Daily
Unit USD per Barrel
Adjustment N/A
Formula Brent Crude Oil Spot Price - WTI Crude Oil Spot Price

Historical Data

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Date Value
March 01, 2021 4.02
February 26, 2021 4.31
February 25, 2021 3.26
February 24, 2021 3.64
February 23, 2021 3.50
February 22, 2021 3.06
February 19, 2021 3.72
February 18, 2021 3.69
February 17, 2021 3.93
February 16, 2021 3.89
February 12, 2021 2.97
February 11, 2021 2.87
February 10, 2021 2.48
February 09, 2021 2.40
February 08, 2021 2.22
February 05, 2021 2.68
February 04, 2021 2.79
February 03, 2021 2.94
February 02, 2021 2.85
February 01, 2021 2.87
January 29, 2021 3.09
January 28, 2021 2.61
January 27, 2021 2.26
January 26, 2021 2.65
January 25, 2021 2.66
Date Value
January 22, 2021 2.94
January 21, 2021 2.68
January 20, 2021 2.50
January 19, 2021 2.51
January 15, 2021 2.55
January 14, 2021 2.29
January 13, 2021 2.71
January 12, 2021 2.90
January 11, 2021 2.69
January 08, 2021 3.37
January 07, 2021 3.07
January 06, 2021 3.35
January 05, 2021 3.38
January 04, 2021 2.90
December 31, 2020 2.87
December 30, 2020 2.50
December 29, 2020 2.59
December 28, 2020 3.38
December 24, 2020 2.70
December 23, 2020 3.11
December 22, 2020 2.86
December 21, 2020 2.82
December 18, 2020 3.13
December 17, 2020 2.86
December 16, 2020 2.97

Basic Info

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 caused 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 4.02, down from 4.31 the previous market day and down from 6.48 one year ago. This is a change of -6.73% from the previous market day and -37.96% from one year ago.

Stats

Last Value 4.02
Latest Period Mar 01 2021
Last Updated Mar 3 2021, 10:35 EST
Next Release
Average Growth Rate -3.33K%
Value from 1 Year Ago 6.48
Change from 1 Year Ago -37.96%
Frequency Market Daily
Unit USD per Barrel
Adjustment N/A
Formula Brent Crude Oil Spot Price - WTI Crude Oil Spot Price