wti brent spread explanation
The spread between West Texas Intermediate (WTI) and Brent crude represents the difference between two crude benchmarks, with WTI more representing the price that U.S. oil producers receive and Brent more representing the prices received internationally.he WTI-Brent spread moved wider again last week, moving from $9.08 per barrel to $11.30 per barrel. Enlarge Graph. WTI had been trading near par with Brent as recently as mid-July. But in late August and early September, the spread widened to nearly $8 per barrel.