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Brent-WTI Spread: Key to Oil Exports and Downstream Stocks

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

On November 5, Brent crude oil January futures settled ~$10.1 higher than the WTI crude oil December futures. On October 29, the spread was ~$10.33. On October 29–November 5, Brent crude oil January futures fell 5.4%, which was 50 basis points less than the fall in WTI or US crude oil December futures.