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Brent–WTI Spread Drops ~6.4% in the Last Five Sessions

Gordon Kristopher
Brent–WTI Spread Drops ~6.4% in the Last Five Sessions

Brent-WTI crude oil spread was $4.84 per barrel on July 30, down from $5.17 per barrel on July 23. The price difference between Brent and WTI oil futures is called the Brent-WTI spread. The spread declined ~6.4% from July 23 to July 30.