Brent WTI Spread
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. |
| Report | Weekly Petroleum Status |
| Category | Energy |
| Region | N/A |
| Source | Energy Information Administration |
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
| 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. |
| Report | Weekly Petroleum Status |
| Category | Energy |
| Region | N/A |
| Source | Energy Information Administration |
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 |
Related Indicators
| US Energy |
| Henry Hub Natural Gas Spot Price | 6.83 USD/MMBtu |
| Mont Belvieu Propane Spot Price | 0.856 USD/gal |
| US Crude Oil Imports | 6.449M bbl/d |
| US Crude Oil Production | 365.78M bbl |
| US Crude Oil Stocks WoW | -215.00K bbl |
| US Gulf Coast Kerosene-Type Jet Fuel Spot Price | 3.052 USD/gal |
| US Oil Consumption | 18.68M bbl/d |
| US Oil Rig Count | 596.00 |
| US Residential Propane Price | 2.983 USD/gal |
| US Retail Diesel Price | 4.836 USD/gal |
| US Retail Gas Price | 3.909 USD/gal |
| WTI Crude Oil Spot Price | 77.17 USD/bbl |
| World Energy |
| Australia Coal Price | 196.95 USD/mt |
| Average Crude Oil Spot Price | 95.97 USD/bbl |
| Brent Crude Oil Spot Price | 82.55 USD/bbl |
| Dubai Fateh Crude Oil Spot Price | 100.32 USD/bbl |
| Japan Liquefied Natural Gas Import Price | 20.15 USD/MMBtu |
| OPEC Crude Oil Production | 30.11M bbl/d |
| US Liquefied Natural Gas Exports Price | 12.76 USD/thou cf |
| World Oil Consumption | 94.09M bbl/d |
| World Oil Production | 89.88M bbl/d |
| World Oil Rig Count | 660.00 |
| WTI Crude Oil Spot Price | 77.17 USD/bbl |