Brent WTI Spread:
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 5.41, a decrease of 0.09 or 1.64% from the previous market day. This is a decrease of 3.03 or 35.90% from last year and is higher than the long term average of 1.199.
- Category: Energy
- Region: N/A
- Report: Weekly Petroleum Status
- Source: Energy Information Administration
Chart
Historical Data
| Data for this Date Range | |
|---|---|
| Jan. 21, 2020 | 5.41 |
| Jan. 17, 2020 | 5.50 |
| Jan. 16, 2020 | 6.11 |
| Jan. 15, 2020 | 5.43 |
| Jan. 14, 2020 | 6.11 |
| Jan. 13, 2020 | 5.97 |
| Jan. 10, 2020 | 7.75 |
| Jan. 9, 2020 | 7.02 |
| Jan. 8, 2020 | 7.66 |
| Jan. 7, 2020 | 6.04 |
| Jan. 6, 2020 | 6.98 |
| Jan. 3, 2020 | 6.08 |
| Jan. 2, 2020 | 5.88 |
| Dec. 31, 2019 | 6.63 |
| Dec. 30, 2019 | 6.64 |
| Dec. 27, 2019 | 7.15 |
| Dec. 24, 2019 | 8.09 |
| Dec. 23, 2019 | 6.98 |
| Dec. 20, 2019 | 8.23 |
| Dec. 19, 2019 | 8.40 |
| Dec. 18, 2019 | 8.19 |
| Dec. 17, 2019 | 8.11 |
| Dec. 16, 2019 | 7.83 |
| Dec. 13, 2019 | 7.33 |
| Dec. 12, 2019 | 7.49 |
| Dec. 11, 2019 | 6.63 |
| Dec. 10, 2019 | 7.35 |
| Dec. 9, 2019 | 7.45 |
| Dec. 6, 2019 | 7.30 |
| Dec. 5, 2019 | 7.25 |
| Dec. 4, 2019 | 6.79 |
| Dec. 3, 2019 | 6.80 |
| Dec. 2, 2019 | 7.23 |
| Nov. 27, 2019 | 6.91 |
| Nov. 26, 2019 | 6.57 |
| Nov. 25, 2019 | 6.88 |
| Nov. 22, 2019 | 7.15 |
| Nov. 21, 2019 | 6.63 |
| Nov. 20, 2019 | 7.09 |
| Nov. 19, 2019 | 7.44 |
| Nov. 18, 2019 | 6.00 |
| Nov. 15, 2019 | 5.78 |
| Nov. 14, 2019 | 5.89 |
| Nov. 13, 2019 | 5.39 |
| Nov. 12, 2019 | 5.52 |
| Nov. 11, 2019 | 5.97 |
| Nov. 8, 2019 | 4.98 |
| Nov. 7, 2019 | 5.69 |
| Nov. 6, 2019 | 5.96 |
| Nov. 5, 2019 | 5.68 |
There is no data for the selected date range.
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Stats
| Last Value | 5.41 |
| Latest Period | Jan 21 2020 |
| Last Updated | Jan 23 2020, 11:04 EST |
| Next Release | |
| Average Growth Rate | -3.28K% |
| Value from 1 Year Ago | 8.44 |
| Change from 1 Year Ago | -35.90% |
| 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 | |
|---|---|
| Australia Coal Price | 66.18 USD/mt |
| Average Crude Oil Spot Price | 63.35 USD/bbl |
| Brent Crude Oil Spot Price | 63.66 USD/bbl |
| Henry Hub Natural Gas Spot Price | 1.98 USD/MMBtu |
| US Crude Oil Field Production | 13.00M bbl/d |
| US Gulf Coast Kerosene-Type Jet Fuel Spot Price | 1.736 USD/gal |
| US Oil Consumption | 20.46M bbl/d |
| US Oil Rig Count | 676.00 |
| US Residential Propane Price | 2.006 USD/gal |
| US Retail Diesel Price | 3.037 USD/gal |
| US Retail Gas Price | 2.625 USD/gal |
| World Crude Oil Production | 80.92M bbl/d |
| World Oil Rig Count | 824.00 |
| WTI Crude Oil Spot Price | 58.25 USD/bbl |
| World Energy | |
| Australia Coal Price | 66.18 USD/mt |
| Average Crude Oil Spot Price | 63.35 USD/bbl |
| Brent Crude Oil Spot Price | 63.66 USD/bbl |
| Dubai Fateh Crude Oil Spot Price | 61.41 USD/bbl |
| Japan Liquefied Natural Gas Import Price | 10.05 USD/MMBtu |
| OPEC Crude Oil Production | 30.25M bbl/d |
| US Liquefied Natural Gas Exports Price | 5.40 USD/thou cf |
| World Crude Oil Production | 80.92M bbl/d |
| World Oil Rig Count | 824.00 |
| WTI Crude Oil Spot Price | 58.25 USD/bbl |
