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 3.27, down from 4.23 the previous market day and up from -1.23 one year ago. This is a change of -22.70% from the previous market day.

Stats

Last Value 3.27
Latest Period May 03 2021
Last Updated May 5 2021, 10:31 EDT
Next Release
Average Growth Rate -3.31K%
Value from 1 Year Ago -1.23
Change from 1 Year Ago N/A
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
May 03, 2021 3.27
April 30, 2021 4.23
April 29, 2021 3.26
April 28, 2021 3.27
April 27, 2021 3.22
April 26, 2021 3.48
April 23, 2021 3.57
April 22, 2021 3.62
April 21, 2021 2.68
April 20, 2021 2.73
April 19, 2021 3.21
April 16, 2021 2.82
April 15, 2021 2.71
April 14, 2021 2.96
April 13, 2021 2.63
April 12, 2021 2.68
April 09, 2021 2.60
April 08, 2021 2.48
April 07, 2021 2.09
April 06, 2021 2.13
April 01, 2021 2.44
March 31, 2021 4.33
March 30, 2021 2.73
March 29, 2021 2.57
March 26, 2021 2.84
Date Value
March 25, 2021 2.74
March 24, 2021 2.58
March 23, 2021 2.21
March 22, 2021 2.41
March 19, 2021 2.57
March 18, 2021 2.16
March 17, 2021 3.18
March 16, 2021 3.13
March 15, 2021 3.42
March 12, 2021 3.28
March 11, 2021 3.32
March 10, 2021 3.08
March 09, 2021 3.01
March 08, 2021 2.97
March 05, 2021 3.87
March 04, 2021 3.51
March 03, 2021 3.37
March 02, 2021 3.47
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

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 3.27, down from 4.23 the previous market day and up from -1.23 one year ago. This is a change of -22.70% from the previous market day.

Stats

Last Value 3.27
Latest Period May 03 2021
Last Updated May 5 2021, 10:31 EDT
Next Release
Average Growth Rate -3.31K%
Value from 1 Year Ago -1.23
Change from 1 Year Ago N/A
Frequency Market Daily
Unit USD per Barrel
Adjustment N/A
Formula Brent Crude Oil Spot Price - WTI Crude Oil Spot Price