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 1.57, down from 1.58 the previous market day and down from 5.78 one year ago. This is a change of -0.63% from the previous market day and -72.84% from one year ago.

Stats

Last Value 1.57
Latest Period Nov 16 2020
Last Updated Nov 18 2020, 10:34 EST
Next Release
Average Growth Rate -3.36K%
Value from 1 Year Ago 5.78
Change from 1 Year Ago -72.84%
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
November 16, 2020 1.57
November 13, 2020 1.58
November 12, 2020 1.26
November 11, 2020 1.27
November 10, 2020 1.07
November 09, 2020 0.88
November 06, 2020 1.11
November 05, 2020 0.91
November 04, 2020 0.71
November 03, 2020 0.73
November 02, 2020 1.18
October 30, 2020 0.69
October 29, 2020 0.62
October 28, 2020 0.59
October 27, 2020 0.38
October 26, 2020 0.67
October 23, 2020 0.98
October 22, 2020 0.82
October 21, 2020 0.21
October 20, 2020 0.25
October 19, 2020 0.60
October 16, 2020 0.64
October 15, 2020 0.77
October 14, 2020 0.95
October 13, 2020 1.31
Date Value
October 12, 2020 1.28
October 09, 2020 1.19
October 08, 2020 0.96
October 07, 2020 0.80
October 06, 2020 0.75
October 05, 2020 0.66
October 02, 2020 1.10
October 01, 2020 1.24
September 30, 2020 0.25
September 29, 2020 1.30
September 28, 2020 1.12
September 25, 2020 0.85
September 24, 2020 1.13
September 23, 2020 1.17
September 22, 2020 1.29
September 21, 2020 1.11
September 18, 2020 1.07
September 17, 2020 1.36
September 16, 2020 1.06
September 15, 2020 1.25
September 14, 2020 1.34
September 11, 2020 1.47
September 10, 2020 2.02
September 09, 2020 1.93
September 08, 2020 1.66

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 1.57, down from 1.58 the previous market day and down from 5.78 one year ago. This is a change of -0.63% from the previous market day and -72.84% from one year ago.

Stats

Last Value 1.57
Latest Period Nov 16 2020
Last Updated Nov 18 2020, 10:34 EST
Next Release
Average Growth Rate -3.36K%
Value from 1 Year Ago 5.78
Change from 1 Year Ago -72.84%
Frequency Market Daily
Unit USD per Barrel
Adjustment N/A
Formula Brent Crude Oil Spot Price - WTI Crude Oil Spot Price