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Environment & Energy

GliderGuider

(21,088 posts) Fri Mar 2, 2012, 06:10 PM Mar 2012

The price spread between Brent and WTI is widening

The chart shows the 12-month trailing average price per barrel for Brent (North Sea) and West Texas Intermediate crude oil. The blue line with its axis on the right shows the increasing difference between the two. Their prices have historically been very close, but starting two years ago the price of Brent has consistently outpaced WTI.

This does not bode well for the European economy.

2 replies

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The price spread between Brent and WTI is widening (Original Post) GliderGuider Mar 2012 OP

There are too many moving parts involved pscot Mar 2012 #1

I agree. But just the rising price all by itself will hurt. GliderGuider Mar 2012 #2

pscot

(21,024 posts)

1. There are too many moving parts involved

Reply to GliderGuider (Original post)

Fri Mar 2, 2012, 09:38 PM

Mar 2012

to say what that means. The oil markets just keep getting more and more complicated.

GliderGuider

(21,088 posts)

2. I agree. But just the rising price all by itself will hurt.

Reply to pscot (Reply #1)

Fri Mar 2, 2012, 11:00 PM

Mar 2012

I'm not reading the chicken entrails of Peak Oil any more. But no matter what causes them, rising prices are what they are.

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