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Brent is not as light or as sweet as WTI but it is still a high-grade crude. The OPEC basket is slightly heavier and more sour than Brent. As a result of these gravity and sulfur differences, (at least before 2011) WTI is typically traded at a dollar or two premium to Brent and another dollar or two premium to the OPEC basket. [ 4 ]
WTI is West Texas Intermediate oil. It describes a light oil with relatively low sulfur. While it might be produced in West Texas, the WTI designation can be designated to any crude that can meet ...
Brent blend is a light crude oil (LCO), though not as light as West Texas Intermediate (WTI). It contains approximately 0.37% of sulphur, classifying it as sweet crude, yet not as sweet as WTI. Brent is suitable for production of petrol and middle distillates. It is typically refined in Northwest Europe.
West Texas Intermediate (WTI) is a grade or mix of crude oil; the term is also used to refer to the spot price, the futures price, or assessed price for that oil. In colloquial usage, WTI usually refers to the WTI Crude Oil futures contract traded on the New York Mercantile Exchange (NYMEX).
When you read or listen to the news about the oil market, you meet two mysterious words: Brent and WTI (West Texas Intermediate). Maybe you already know that they are the two major oil benchmarks.
The Brent-WTI spread per barrel has widened from $0.86 in September to almost $17 in November. And according to an analyst poll conducted by Bloomberg, the spread could widen even further. This ...
The three most quoted oil products are North America's West Texas Intermediate crude (WTI), North Sea Brent Crude, and the UAE Dubai Crude, and their pricing is used as a barometer for the entire petroleum industry, although, in total, there are 46 key oil exporting countries. Brent Crude is typically priced at about $2 over the WTI Spot price ...
Due to the recent global market correction, the Brent-WTI spread, which at times neared the $20 mark, has narrowed meaningfully. The two benchmarks traded at parity for much of the decade until ...