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 5.38, up from 5.22 the previous market day and up from 3.24 one year ago. This is a change of 3.07% from the previous market day and 66.05% from one year ago.

Stats

Last Value 5.38
Latest Period Sep 26 2022
Last Updated Sep 28 2022, 10:35 EDT
Next Release
Average Growth Rate -3.14K%
Value from The Previous Market Day 5.22
Change from The Previous Market Day 3.07%
Value from 1 Year Ago 3.24
Change from 1 Year Ago 66.05%
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 26, 2022 5.38
September 23, 2022 5.22
September 22, 2022 6.38
September 21, 2022 6.48
September 20, 2022 4.93
September 16, 2022 3.86
September 15, 2022 3.56
September 14, 2022 3.95
September 13, 2022 4.20
September 12, 2022 5.27
September 09, 2022 4.41
September 08, 2022 3.95
September 07, 2022 4.33
September 06, 2022 4.08
September 02, 2022 5.80
September 01, 2022 5.15
August 31, 2022 6.46
August 30, 2022 7.26
August 26, 2022 7.50
August 25, 2022 5.48
August 24, 2022 4.35
August 23, 2022 3.03
August 22, 2022 1.64
August 19, 2022 2.90
August 18, 2022 3.15
Date Value
August 17, 2022 6.37
August 16, 2022 6.13
August 15, 2022 6.01
August 12, 2022 8.84
August 11, 2022 10.17
August 10, 2022 10.38
August 09, 2022 10.63
August 08, 2022 9.94
August 05, 2022 8.54
August 04, 2022 6.70
August 03, 2022 8.57
August 02, 2022 9.37
August 01, 2022 9.50
July 29, 2022 10.20
July 28, 2022 10.57
July 27, 2022 9.61
July 26, 2022 9.58
July 25, 2022 8.40
July 22, 2022 9.06
July 21, 2022 14.37
July 20, 2022 11.41
July 19, 2022 8.84
July 18, 2022 12.79
July 15, 2022 12.67
July 14, 2022 9.95

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 5.38, up from 5.22 the previous market day and up from 3.24 one year ago. This is a change of 3.07% from the previous market day and 66.05% from one year ago.

Stats

Last Value 5.38
Latest Period Sep 26 2022
Last Updated Sep 28 2022, 10:35 EDT
Next Release
Average Growth Rate -3.14K%
Value from The Previous Market Day 5.22
Change from The Previous Market Day 3.07%
Value from 1 Year Ago 3.24
Change from 1 Year Ago 66.05%
Frequency Market Daily
Unit USD per Barrel
Adjustment N/A
Formula Brent Crude Oil Spot Price - WTI Crude Oil Spot Price