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Brent-WTI Spread Is Contracting: Will Refining Stocks Fall?

Robert Scott
Brent-WTI Spread Is Contracting: Will Refining Stocks Fall?

On November 19, Brent crude oil January futures settled ~$9.6 higher than the WTI crude oil January futures. On November 12, the spread was at ~$10. Between November 12 and November 19, Brent crude oil January futures fell 4.7%, which was ten basis points less than the fall in WTI or US crude oil January futures.