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Brent-WTI Spread: Key to Refining Stocks and US Oil Exports

Robert Scott
Brent-WTI Spread: Key to Refining Stocks and US Oil Exports

On November 12, Brent crude oil January futures settled ~$10.2 higher than the WTI crude oil December futures. On November 5, the spread was ~$10.1. On November 5–12, Brent crude oil January futures fell 4.2%, which was 80 basis points less than the fall in WTI or US crude oil December futures.