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 4.02, down from 4.31 the previous market day and down from 6.48 one year ago. This is a change of -6.73% from the previous market day and -37.96% from one year ago. |
Report | Weekly Petroleum Status |
Category | Energy |
Region | N/A |
Source | Energy Information Administration |
Stats
Last Value | 4.02 |
Latest Period | Mar 01 2021 |
Last Updated | Mar 3 2021, 10:35 EST |
Next Release | |
Average Growth Rate | -3.33K% |
Value from 1 Year Ago | 6.48 |
Change from 1 Year Ago | -37.96% |
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 |
---|---|
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 |
February 18, 2021 | 3.69 |
February 17, 2021 | 3.93 |
February 16, 2021 | 3.89 |
February 12, 2021 | 2.97 |
February 11, 2021 | 2.87 |
February 10, 2021 | 2.48 |
February 09, 2021 | 2.40 |
February 08, 2021 | 2.22 |
February 05, 2021 | 2.68 |
February 04, 2021 | 2.79 |
February 03, 2021 | 2.94 |
February 02, 2021 | 2.85 |
February 01, 2021 | 2.87 |
January 29, 2021 | 3.09 |
January 28, 2021 | 2.61 |
January 27, 2021 | 2.26 |
January 26, 2021 | 2.65 |
January 25, 2021 | 2.66 |
Date | Value |
---|---|
January 22, 2021 | 2.94 |
January 21, 2021 | 2.68 |
January 20, 2021 | 2.50 |
January 19, 2021 | 2.51 |
January 15, 2021 | 2.55 |
January 14, 2021 | 2.29 |
January 13, 2021 | 2.71 |
January 12, 2021 | 2.90 |
January 11, 2021 | 2.69 |
January 08, 2021 | 3.37 |
January 07, 2021 | 3.07 |
January 06, 2021 | 3.35 |
January 05, 2021 | 3.38 |
January 04, 2021 | 2.90 |
December 31, 2020 | 2.87 |
December 30, 2020 | 2.50 |
December 29, 2020 | 2.59 |
December 28, 2020 | 3.38 |
December 24, 2020 | 2.70 |
December 23, 2020 | 3.11 |
December 22, 2020 | 2.86 |
December 21, 2020 | 2.82 |
December 18, 2020 | 3.13 |
December 17, 2020 | 2.86 |
December 16, 2020 | 2.97 |
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 4.02, down from 4.31 the previous market day and down from 6.48 one year ago. This is a change of -6.73% from the previous market day and -37.96% from one year ago. |
Report | Weekly Petroleum Status |
Category | Energy |
Region | N/A |
Source | Energy Information Administration |
Stats
Last Value | 4.02 |
Latest Period | Mar 01 2021 |
Last Updated | Mar 3 2021, 10:35 EST |
Next Release | |
Average Growth Rate | -3.33K% |
Value from 1 Year Ago | 6.48 |
Change from 1 Year Ago | -37.96% |
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 |
Brent Crude Oil Spot Price | 64.56 USD/bbl |
Henry Hub Natural Gas Spot Price | 2.87 USD/MMBtu |
Mont Belvieu Propane Spot Price | 0.961 USD/gal |
US Crude Oil Field Production | 10.00M bbl/d |
US Crude Oil Imports | 6.292M bbl/d |
US Crude Oil Stocks WoW | 21.56M bbl |
US Oil Rig Count | 310.00 |
US Residential Propane Price | 2.505 USD/gal |
US Retail Diesel Price | 3.072 USD/gal |
US Retail Gas Price | 2.796 USD/gal |
WTI Crude Oil Spot Price | 60.54 USD/bbl |
World Energy |
Australia Coal Price | 86.74 USD/mt |
Average Crude Oil Spot Price | 60.46 USD/bbl |
Brent Crude Oil Spot Price | 64.56 USD/bbl |
Dubai Fateh Crude Oil Spot Price | 53.97 USD/bbl |
Japan Liquefied Natural Gas Import Price | 8.971 USD/MMBtu |
OPEC Crude Oil Production | 26.98M bbl/d |
US Liquefied Natural Gas Exports Price | 6.38 USD/thou cf |
World Oil Consumption | 98.27M bbl/d |
World Oil Production | 95.19M bbl/d |
World Oil Rig Count | 513.00 |
WTI Crude Oil Spot Price | 60.54 USD/bbl |