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 2.62, down from 3.06 the previous market day and up from 2.02 one year ago. This is a change of -14.38% from the previous market day and 29.70% from one year ago.

Stats

Last Value 2.62
Latest Period Sep 10 2021
Last Updated Sep 15 2021, 10:35 EDT
Next Release
Average Growth Rate -3.27K%
Value from 1 Year Ago 2.02
Change from 1 Year Ago 29.70%
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
September 10, 2021 2.62
September 09, 2021 3.06
September 08, 2021 3.00
September 07, 2021 3.03
September 03, 2021 3.73
September 02, 2021 3.49
September 01, 2021 3.36
August 31, 2021 5.02
August 27, 2021 3.42
August 26, 2021 3.00
August 25, 2021 3.58
August 24, 2021 3.71
August 23, 2021 3.42
August 20, 2021 3.26
August 19, 2021 3.11
August 18, 2021 3.25
August 17, 2021 2.90
August 16, 2021 2.63
August 13, 2021 2.54
August 12, 2021 2.67
August 11, 2021 2.69
August 10, 2021 2.81
August 09, 2021 3.09
August 06, 2021 2.76
August 05, 2021 3.04
Date Value
August 04, 2021 2.80
August 03, 2021 2.60
August 02, 2021 2.60
July 30, 2021 3.79
July 29, 2021 2.68
July 28, 2021 2.72
July 27, 2021 3.19
July 26, 2021 2.64
July 23, 2021 2.62
July 22, 2021 2.10
July 21, 2021 2.28
July 20, 2021 2.71
July 19, 2021 2.88
July 16, 2021 2.70
July 15, 2021 2.86
July 14, 2021 2.68
July 13, 2021 2.26
July 12, 2021 2.56
July 09, 2021 2.58
July 08, 2021 2.09
July 07, 2021 2.09
July 06, 2021 2.19
July 02, 2021 2.14
July 01, 2021 1.36
June 30, 2021 3.42

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 2.62, down from 3.06 the previous market day and up from 2.02 one year ago. This is a change of -14.38% from the previous market day and 29.70% from one year ago.

Stats

Last Value 2.62
Latest Period Sep 10 2021
Last Updated Sep 15 2021, 10:35 EDT
Next Release
Average Growth Rate -3.27K%
Value from 1 Year Ago 2.02
Change from 1 Year Ago 29.70%
Frequency Market Daily
Unit USD per Barrel
Adjustment N/A
Formula Brent Crude Oil Spot Price - WTI Crude Oil Spot Price