Level Chart

Basic Info

Brent WTI Spread is at a current level of 3.06, down from 3.82 the previous market day and down from 6.36 one year ago. This is a change of -19.90% from the previous market day and -51.89% from one year ago.

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.

Stats

Last Value 3.06
Latest Period Nov 04 2024
Last Updated Nov 6 2024, 10:32 EST
Average Growth Rate -2.90K%
Value from The Previous Market Day 3.82
Change from The Previous Market Day -19.90%
Value from 1 Year Ago 6.36
Change from 1 Year Ago -51.89%
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
November 04, 2024 3.06
November 01, 2024 3.82
October 31, 2024 3.67
October 30, 2024 4.30
October 29, 2024 3.61
October 28, 2024 4.22
October 25, 2024 3.60
October 24, 2024 3.69
October 23, 2024 3.31
October 22, 2024 2.75
October 21, 2024 2.13
October 18, 2024 2.97
October 17, 2024 3.11
October 16, 2024 2.68
October 15, 2024 2.46
October 11, 2024 4.16
October 10, 2024 2.99
October 09, 2024 3.21
October 08, 2024 3.93
October 07, 2024 3.98
October 04, 2024 4.39
October 03, 2024 3.24
October 02, 2024 4.12
October 01, 2024 4.89
September 30, 2024 3.60
Date Value
September 27, 2024 2.91
September 26, 2024 4.78
September 25, 2024 4.98
September 24, 2024 2.95
September 23, 2024 3.62
September 20, 2024 3.24
September 19, 2024 3.07
September 18, 2024 2.65
September 17, 2024 2.39
September 16, 2024 2.86
September 13, 2024 4.09
September 12, 2024 3.92
September 11, 2024 2.06
September 10, 2024 3.61
September 09, 2024 2.72
September 06, 2024 4.24
September 05, 2024 4.38
September 04, 2024 4.56
September 03, 2024 5.18
August 30, 2024 5.68
August 29, 2024 4.65
August 28, 2024 4.55
August 27, 2024 5.01
August 23, 2024 4.52
August 22, 2024 5.08

Basic Info

Brent WTI Spread is at a current level of 3.06, down from 3.82 the previous market day and down from 6.36 one year ago. This is a change of -19.90% from the previous market day and -51.89% from one year ago.

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.

Stats

Last Value 3.06
Latest Period Nov 04 2024
Last Updated Nov 6 2024, 10:32 EST
Average Growth Rate -2.90K%
Value from The Previous Market Day 3.82
Change from The Previous Market Day -19.90%
Value from 1 Year Ago 6.36
Change from 1 Year Ago -51.89%
Frequency Market Daily
Unit USD per Barrel
Adjustment N/A
Formula Brent Crude Oil Spot Price - WTI Crude Oil Spot Price