Why Investors Should Pay Close Attention To The Disappearing WTI-Brent Spread ...Middle East

OILPRICE - Economy
Why Investors Should Pay Close Attention To The Disappearing WTI-Brent Spread
source : OILPRICE ( Middle East ) () 30
The average investor might not think much about the oil price spread between West Texas Intermediate (WTI) and Brent Crude, which is usually only a couple of dollars per barrel--but the difference is actually vital, and one that every would-be oil investor needs to understand. To be fair, the price of WTI should be higher than that of Brent, considering its sweeter and lighter quality. After all, WTI has an API gravity of 39.6 degrees and a sulfur content of 0.24%, while Brent has an API gravity of around 38 degrees and a sulfur content of somewhere…

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