Level Chart

Basic Info

Brent WTI Spread is at a current level of 5.48, down from 6.58 the previous market day and down from 6.12 one year ago. This is a change of -16.72% from the previous market day and -10.46% 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 5.48
Latest Period Feb 26 2024
Last Updated Feb 28 2024, 10:33 EST
Next Release Mar 6 2024, 10:30 EST
Average Growth Rate -2.95K%
Value from The Previous Market Day 6.58
Change from The Previous Market Day -16.72%
Value from 1 Year Ago 6.12
Change from 1 Year Ago -10.46%
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
February 26, 2024 5.48
February 23, 2024 6.58
February 22, 2024 6.20
February 21, 2024 5.88
February 20, 2024 6.06
February 16, 2024 5.23
February 15, 2024 5.86
February 14, 2024 7.32
February 13, 2024 6.44
February 12, 2024 6.54
February 09, 2024 6.32
February 08, 2024 6.34
February 07, 2024 6.92
February 06, 2024 6.63
February 05, 2024 6.09
February 02, 2024 6.82
February 01, 2024 7.84
January 31, 2024 6.70
January 30, 2024 5.84
January 29, 2024 6.74
January 26, 2024 4.89
January 25, 2024 4.42
January 24, 2024 6.67
January 23, 2024 7.32
January 22, 2024 6.44
Date Value
January 19, 2024 7.02
January 18, 2024 6.72
January 17, 2024 6.09
January 16, 2024 7.52
January 12, 2024 6.95
January 11, 2024 8.06
January 10, 2024 6.89
January 09, 2024 5.54
January 08, 2024 4.41
January 05, 2024 4.31
January 04, 2024 3.41
January 03, 2024 4.21
January 02, 2024 5.62
December 29, 2023 5.80
December 28, 2023 7.02
December 27, 2023 6.66
December 22, 2023 6.94
December 21, 2023 7.14
December 20, 2023 7.23
December 19, 2023 6.59
December 18, 2023 6.73
December 15, 2023 5.79
December 14, 2023 5.84
December 13, 2023 5.05
December 12, 2023 5.84

Basic Info

Brent WTI Spread is at a current level of 5.48, down from 6.58 the previous market day and down from 6.12 one year ago. This is a change of -16.72% from the previous market day and -10.46% 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 5.48
Latest Period Feb 26 2024
Last Updated Feb 28 2024, 10:33 EST
Next Release Mar 6 2024, 10:30 EST
Average Growth Rate -2.95K%
Value from The Previous Market Day 6.58
Change from The Previous Market Day -16.72%
Value from 1 Year Ago 6.12
Change from 1 Year Ago -10.46%
Frequency Market Daily
Unit USD per Barrel
Adjustment N/A
Formula Brent Crude Oil Spot Price - WTI Crude Oil Spot Price