James Regan + 1,776 June 20, 2019 It’s seems to be the case that the lag price between Brent and WTI is growing shorter. Traditionally Brent carried a premium because it was considered a higher grade of Oil compared to WTI. Also the logistics and cost from wellhead to refineries added to the cost. Is WTI now a blend of conventional and Shale oil? Can we expect WTI to even out with Brent? The 9/10 $ difference is slowly being eaten up. Quote Share this post Link to post Share on other sites
wrs + 893 WS June 20, 2019 I don't think it matters because they aren't competing grades. That is to say they serve different markets entirely. The reason for the disparity in price is that WTI is a local index and the excess supply here keeps the price down. Quote Share this post Link to post Share on other sites